Aurora Mobile (JG, Financials) saw its shares rise 3.2% Thursday after revealing it may use the Solana blockchain to manage part of its crypto reserves; a move the company says is driven by utility—not speculation.
The Chinese tech firm said its board approved a new cryptocurrency treasury strategy in June; Solana, known for its fast speeds and minimal transaction costs, is being considered as a key pillar in that plan.
Aurora Mobile added that Solana's growing acceptance among institutions—and its reputation as a top-tier Layer 1 blockchain—makes it a strong candidate for inclusion. The company believes this approach will help it connect the dots between mobile ecosystems and blockchain innovation.
It's also a way to diversify its treasury holdings and hedge against inflation; both are part of a broader bet on digital assets as a permanent fixture in tech infrastructure.
