Cango Inc. Sells 4,451 Bitcoin for $305 Million to Repay Loan

Reuters
Yesterday
Cango Inc. Sells 4,451 Bitcoin for $305 Million to Repay Loan

Cango Inc. announced the sale of 4,451 Bitcoin for approximately US$305 million in USDT. The proceeds were used to partially repay a Bitcoin-collateralized loan, strengthening the company’s financial position and supporting its strategic expansion into AI compute infrastructure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cango Inc. published the original content used to generate this news brief on February 09, 2026, and is solely responsible for the information contained therein.

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