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:
The current valuation is hard to justify, said analyst Ed Engel, initiating coverage with a neutral rating and $45 price target.
Cathie Wood's investment firm added a total 353,328 CRCL shares across three of its ETFs: Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF).
Strong ETF flows and surging prices highlight investor demand for assets immune to government debasement.
Traders are watching $1.80 as near-term support, with $1.87–$1.90 now the key resistance zone.