The company sold 4,451 BTC in February to cut debt and fund AI infrastructure pivot.
Cango is selling off its bitcoin stash to pay down debt and fund an AI makeover
The company sold 4,451 BTC in February to cut debt and fund AI infrastructure pivot.
Shares:
Thursday marked the fifth straight day of net outflows for the U.S.-listed ETFs in their worst performance since mid April.
The biggest single-day exit came from BlackRock’s IBIT, which saw $91.37 million leave the fund. Grayscale’s GBTC followed with a $24.62 million outflow.
Powell’s Jackson Hole speech showed how the Fed is weighing inflation against jobs. That balance could shape policy in the fourth quarter of 2025 and beyond.
The Japanese bitcoin treasury firm structured the financing with premium-priced shares and warrants that could unlock up to $531 million.