Crypto mining firm BIT Mining has strategically moved into the Solana ecosystem, sending its inventory to a three-year excessive.On July 10, the corporate disclosed its strategic enlargement, which incorporates plans to lift between $200 million and $300 million to determine a strategic Solana reserve.As a part of the transition, BIT Mining intends to transform a few of its current crypto holdings into SOL and increase its treasury by way of further acquisitions.This technique mirrors the method taken by corporations like Strategy (formerly MicroStrategy) with Bitcoin. It alerts a rising pattern of public corporations utilizing digital property as a part of…
Author: CryptoGate
Shareholders trimmed assist for govt pay packages at main US Bitcoin (BTC) miners to a median of 64% on this yr’s proxy season, far under the over 90% approval norm throughout the S&P 500, according to a July 10 VanEck analysis be aware. VanEck reviewed filings from eight listed miners and located common named-executive-officer (NEO) compensation climbed from $6.6 million in 2023 to $14.4 million in draft 2024 proxies.Fairness and different long-term devices accounted for 79% of whole pay in 2023 and 89% in 2024, nicely above the Russell 3000’s 63% and the vitality sector’s 63% weighting. Base salaries remained close to…