Solana Pushes to $200 as BIT Mining Plans $300M $SOL Treasury

Solana Pushes to $200 as BIT Mining Plans $300M $SOL Treasury, Fueling Projects Like Snorter Token ($SNORT)

$SOL is in full chart boom, pushing to $200 as BIT Mining takes steps to kickstart its $300M $SOL treasury.

The Chinese company announced its plans to set up a $300M $SOL treasury on July 10, pivoting away from Bitcoin with the goal of ‘staying adaptive and responsive in an ever-evolving industry.’

Following that announcement, BIT Mining acquired 27,191 $SOL on August 5, for a total investment of $4.89M, to launch its self-operated Solana validator.

The fact that one of China’s largest former Bitcoin mining companies is now shifting some of its attention to Solana is a powerful driving force behind $SOL’s recent performance.

Solana Could Push Beyond $200 Soon

$SOL is 10% up o