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Hannah Collymore

Cango's $700M Bitcoin reserve tops $568M market cap; 569 BTC produced in December

On January 5, 2025, Cango said it mined 569 BTC in December, lifting total holdings to 7,528.3 BTC. With Bitcoin near $93,000, its treasury is valued around $700 million, exceeding an NYSE market cap of over $568 million; shares rose 16% pre‑market on January 6. The company entered crypto mining in November 2024 and reports double‑digit stock gains since the move.
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