Solana Treasury Company, SOLAI Limited, announced that it will increase its authorized share capital to US$1.94 million.

ChainCatcher reports that, according to PRNewswire, SOLAI Limited (formerly cryptocurrency infrastructure company BIT Mining Limited), a NYSE-listed treasury firm specializing in Solana, announced that, following approval at its extraordinary general meeting, it has increased its authorized share capital to $1.94 million. This includes 38,399,870,000 Class A ordinary shares, 65,000 Class A preferred shares, 65,000 Class II preferred shares, 400,000,000 Class B ordinary shares, and the issuance of 30,000,000,000 new Class A ordinary shares. (Note: Authorized share capital refers to the company's legally mandated capital, i.e., the total amount of capital subscribed by shareholders or the total share capital as stipulated in the company's articles of association.)