The bitcoin miner holds 44,893 BTC on its balance sheet, it said in a production report.
The companies plan to collectively pick up $3 billion worth of bitcoin this year, with MicroStrategy’s targeting the purchases in Q1 2025.
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.
The most recent batch of 13F reports filed by institutional investors was uneventful alongside bitcoin’s price action during the third quarter.
The user held BTC from when it was worth $0.06 all the way up to $90,000.
Soccer player George Boyd made over 100 Premier League appearances and has now joined crypto ETF issuer Jacobi Asset Management as an ambassador.
Bitcoin’s price has now corrected approximately 6% since the all-time high break on Nov. 13.
The potential deployment on a Bitcoin layer 2 by the largest DeFi lending protocol highlights the appetite for harnessing the original blockchain for purposes that are commonplace elsewhere in the crypto ecosystem.
For her role in the theft and laundering of around 120,000 bitcoin, Razzlekhan will receive her sentence on Nov. 18.
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