Solana treasury firm cuts shares 700-for-1 but leaves room for nearly 100 billion more

An important story is making waves across the blockchain ecosystem. Solana treasury company SOLAI Limited (formerly BIT Mining) said shareholders approved a capital reset that leaves it with 100 billion authorized Class A ordinary shares after a 700-for-1 consolidation. The vote came nearly a month after the New York Stock Exchange suspended trading in its American depositary shares. Related Reading BIT Mining's Solana move sparks stock surge to three-year high The Bitcoin mining company wants to position itself as a key public exposure vehicle for the Solana blockchain.

Jul 10, 2025 Oluwapelumi Adejumo SOLAI Limited said Monday that investors at an Aug. 14 extraordinary general meeting first approved increasing authorized Class A shares from 38. 4 billion to 70 trillion, representing the authorized capacity for the pre-consolidation shares.

Market Dynamics

They then approved an immediate consolidation of every 700 ordinary shares into one, reducing the authorization to 100 billion shares in post-consolidation units. In comparable post-consolidation units, the former 38. 4 billion-share authorization would have equaled about 54.

86 million shares, making the new ceiling roughly 1,823 times larger. Monday’s results release did not identify a financing, acquisition, compensation program, or other specific use for that capacity. Related Reading Bitcoin miners start funding pivot to AI with debt while selling BTC to stay liquid CoinShares’ latest mining report suggests the biggest shift is that stressed miners are selling coins, stronger operators are pivoting into AI, and listed mining stocks are becoming less pure Bitcoin proxies than many investors assume.

Mar 26, 2026 Gino Matos NYSE suspended SOLAI’s ADSs on July 16 after their average global market capitalization over 30 consecutive trading days fell below the exchange’s $15 million minimum. An exchange Form 25 attachment later said the Solana treasury firm did not appeal within the 10-business-day window and that removal was scheduled to take effect Aug. Deutsche Bank’s depositary record listed the sponsored ADR as active on the OTC Pink market under SLAIY at the reporting cutoff.

Market Impact

The former Bitcoin mining firm reported 1. 92 billion Class A shares issued and outstanding as of March 31, then disclosed another 1. 16 billion shares issued on June 2 as acquisition consideration.

That produces a pre-consolidation total of about 3. 09 billion shares before any later changes, and a simple 700-for-1 conversion of that total yields about 4. Infographic showing Solana treasury SOLAI’s share reset, including a 700-for-1 consolidation and a post-consolidation total of 100 billion authorized shares.

SOLAI’s holder-level rounding rule and any issuance, cancellation, or adjustment after June 2 mean the calculation is not a current cap table. On that limited basis, the apparent authorized but unissued capacity would be about 99. Related Reading Bitcoin treasury investors are turning on companies diluting them to keep buying For two years, buying more Bitcoin was enough to lift a treasury stock.

This shift continues to shape the digital-asset landscape, with analysts examining its near-term effects.