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Major miner sold 60% of its Bitcoins for $300 million to pay off debt
Mining company Cango (NYSE: CANG) sold 4,451 $BTC over the past weekend, reducing its Bitcoin reserves by about 60%. The company reported that it sold coins for USDT stablecoins on the open market at a rate of around $68,000. Total revenue was approximately $305 million.
On February 6, Cango had about 8.1 thousand BTC, and by February 9, the company's reserve had decreased to 3.6 thousand BTC, according to BitcoinTreasuries. The miner is now ranked 26th among the largest Bitcoin holders.
On February 6, Cango had about 8.1 thousand BTC, and by February 9, the company's reserve had decreased to 3.6 thousand BTC, according to BitcoinTreasuries. The miner is now ranked 26th among the largest Bitcoin holders.
HOLD bnb culture:
Những công ty lớn như vậy nên thực hiện giao dịch qua OTC , chứ không phải thông qua thị trường mở. Có ai giải thích cho họ những điều cơ bản này không… 😅
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