The bitcoin miner holds 44,893 BTC on its balance sheet, it said in a production report.
This shift in focus towards the US market is part of Ripple's response to the "Trump effect," which is believed to be making crypto more favorable in the US.
Centralized exchanges see highest net-inflow of SOL tokens since March, according to Coinglass
The companies plan to collectively pick up $3 billion worth of bitcoin this year, with MicroStrategy's targeting the purchases in Q1 2025.
Traders are positioning for a rally to record highs after President-elect Donald Trump takes office on Jan. 20
The Louisiana Republican is considered a strong supporter of the crypto industry.
Cango purchased 50 EH/s worth of mining power towards the end of 2024, making it one of the biggest players in the bitcoin mining industry.
The average realized price of 2024 buyers in bitcoin was $65,901.
“It’s the stock market for the people. SPX6900 is for you, your children, and countless generations after,” a manifesto on SPX6900’s site reads.
Ether stands out relative to BTC as the go-to major currency for traders looking to amplify returns with the use of leverage