Solana Gains on $300M Treasury Move — What It Means for Snorter Token

Another day, another crypto treasury announcement. This time it’s BIT Mining planning a $300M investment into a Solana ($SOL) treasury.

BIT Mining has announced its intention to establish a significant SOL token reserve worth as much as $300 million using a staged capital-raising strategy. The firm will secure funding in incremental rounds totaling $200-300 million, with the exact amount determined by prevailing market dynamics and financing opportunities, as stated in their public disclosure.

This strategic pivot would establish BIT Mining among the prominent institutional stakeholders in Solana’s ecosystem, reflecting the broader corporate trend of accumulating concentrated positions in selected digital currencies.

“We are excited to take this bold step into one of the most dynamic and promising ecosystems in the blockchain space,” says Xianfeng Yang, Bit Mining CEO. “This strategic move reflects our commitment to staying adaptive and responsive in an ever-evolving industry.

Solana is widely recognized as a development paradise, with several major goals for 2025 (like the Firedancer validator client, which significantly improves the chain’s processing efficiency). Another highly-expected development is the new consensus algorithm, which will enable faster finality and quicker block times, eliminate vote transactions, and offer a better overall user experience.

Given all this, it’s no wonder companies want a piece of the Solana pie. This is already translating into excellent performance for $SOL (+5% in the last day already) and Solana-based coins like Snorter Token ($SNORT).

Where is Solana headed, and how will $SOL projects react? Keep scrolling to find out.

BIT Mining Isn’t the Only One Betting on Solana

BIT Mining is far from being the only party to bet big on Solana. Several other companies have created their own Solana treasuries:

This shows unprecedented investor interest in Solana, and not from random parties either. We’re talking asset managers who traditionally invest only in opportunities they expect significant pay offs from in the long run.

Solana is steadily becoming a focal point for corporate investment strategies. And we can already see the positive impact on the charts. In the last week, $SOL has spiked by 8%, and now that Bitcoin’s crested over a new $118K ATH, we could see Solana push higher and higher.

Just looking at Solana’s community sentiment and interactions on CMC is enough to get you hyped. The trading volume has also jumped by 39% in the last day, reaching $6.66B.

Source: CoinMarketCap

Based on the 100-day Simple Moving Average (SMA) and the 50-day Exponential Moving Average (EMA), $SOL passing the $163 resistance is very bullish for the coin, indicating more upward potential.

That was one of the key resistance lines, and $SOL has just passed it to reach $166.54, before coming back to $163.8.

Source: FX Street

And because all good things come in pairs, Solana-based coins are also very much in the green (+42% trading volume in the last 24H). Top gainers $BOG jumped 103%, $SIMSAI 90%, and $PUMPAI 82%, with the total market cap for $SOL coins reaching $212B.

One particular project we’re watching is Snorter Token ($SNORT), which is still in presale and introduces the fastest and cheapest trading bot on Solana.

Snorter Token – The Last $SOL Trading Bot/Partner You’ll Ever Need

Snorter Token ($SNORT) is a new crypto presale project made for traders with their noses so deep into crypto charts, all they smell is green and red candles.

The project introduces Snorter Bot, a Solana trading bot that promises:

• Lowest fees of all trading bots right now
• Fastest execution
• Exclusive access to new tokens
• Front-running & MEV protection
• Automated sniping and rugpull protection
• Copy trading to easily replicate profitable strategies

All of this runs from a unified Telegram interface that just works. No more juggling multiple tools just to see what the market’s doing and place trades.

$SNORT bot does the heavy lifting for you. Easy, cheap, and instant – the project claims it can snipe (buy) tokens as soon as they get listed on exchanges and start trading.

The bot will multichain to EVM chains and Solana, with a full trading API coming in stage 4 of the roadmap. DeFI partnerships are also in store, which should make $SNORT all the more popular.

The presale has raised $1.7M, with the $2M target quickly approaching. You can buy $SNORT for $0.0977 apiece, and the staking APY is currently 215%.

Investing during the presale phase is your best chance to lock in potentially higher profits once the token launches on exchanges.

With Solana Rallying, $SOL Tokens Can Also Soar

BIT Mining’s $200–$300M Solana investment seems to be part of the norm, rather than an exception. More companies are seeing the blockchain’s utility and value and don’t hesitate to buy in in low to mid nine figures.

After all, who doesn’t want to become the next Strategy of Solana?

And within this confluence of bullish events, Snorter Token is positioned to benefit from increased investor interest, particularly as Solana-based assets have historically demonstrated strong performance correlation with heightened Solana network activity and institutional adoption.

Disclaimer: This is not financial advice, though, so always do your own research. Never invest more than you can afford to lose.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.