SOLAI Consolidates Shares 700-for-1, Unlocking 100 Billion Authorized Capacity

Woofun AI reports that Solana treasury company SOLAI Limited (formerly BIT Mining) executed a capital reset via a 700-for-1 consolidation of its American depositary shares. This corporate action followed the New York Stock Exchange's suspension of trading, resulting in a new structure with 100 billion authorized Class A ordinary shares.

Notably, shareholders at an Aug. 14 extraordinary general meeting approved expanding authorized Class A shares from 38.4 billion to 70 trillion, representing pre-consolidation capacity. In post-consolidation terms, the former 38.4 billion authorization equated to roughly 54.86 million shares, making the new ceiling approximately 1,823 times larger than the previous limit.

Woofun AI data shows that structurally, the pre-consolidation total stood at about 3.09 billion shares, which converts to roughly 4.41 million shares under the 700-for-1 ratio.

However, SOLAI's holder-level rounding rule and any issuance, cancellation, or adjustment after June 2 mean this calculation does not reflect the current cap table, leaving apparent unissued capacity at about 99.996 billion shares.

Monday's release did not specify financing, acquisition, compensation program, or other uses for this capacity. For OTC holders, the critical next steps are an updated issued-share count, a stated use for the authorization, and any new depositary instruction.