Upexi Raises Solana Treasury to $456M as BIT Mining Doubles Holdings

- Nasdaq-listed Upexi boosts SOL treasury to $456 million with 18,000 token purchase. - NYSE-listed BIT Mining doubles SOL holdings and announces AI stablecoin partnership. On September 11, 2025, The Block reported that cryptocurrency treasury firms Upexi (Nasdaq) and BIT Mining (NYSE) expanded their Solana (SOL) holdings. These strategic initiatives aim to bolster investor exposure to digital assets and reflect the growing prominence of Digital Asset Treasuries (DATs) within the crypto sector. Upexi added nearly 18,000 SOL tokens to its treasury, increasing its total holdings to over 2 million tokens valued at more than $456 million. The company introduced a new metric, "adjusted SOL per share," which surged 126% to $4.37. This metric incorporates value from capital issuance, discounted purchases of locked SOL, and staking revenue. Upexi disclosed an unrealized gain of $142 million and reported earning approximately $105,000 daily from staking yields. Following this announcement, Upexi's stock climbed by over 5%. Meanwhile, BIT Mining purchased 17,221 SOL tokens, doubling its holdings to 44,000 tokens with a total valuation of approximately $9.9 million. The firm also enhanced its involvement in the Solana ecosystem by operating validator nodes and partnering with Brale Inc. to launch DOLAI, an AI-powered, U.S. dollar-backed stablecoin. In addition, BIT Mining is rebranding to operate as SOLAI Limited. As a result of these developments, BIT Mining's stock price rose by more than 6%. Both acquisitions coincided with Solana's price increasing 1.2% to approximately $226 on September 11. Digital Asset Treasuries now collectively hold at least 4.67 million SOL. According to CoinMarketCap on September 11, Solana (SOL) was trading at $226.25 as of 17:08 UTC, marking a 1.17% growth in value over the past 24 hours.