# Cango

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From Mining Rigs to Treasury Stacks: Cango’s Bitcoin Bet Deepens
Cango didn’t wait for permission. The firm added 450 BTC to its balance sheet in a single week, lifting total holdings to 4,387 BTC and cementing its shift from auto-financing to hard-asset accumulation. The purchase, disclosed in a July production update, was funded by cash from operations and a partial draw on an existing credit line — a signal that management views Bitcoin as working capital, not a speculative side pocket.
The pivot traces back nine months. Cango began liquidating legacy loan portfolios and redirecting procee
BTC2.55%
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