Bitcoin Miner Cango Raises $75.5 Million amid AI Infrastructure Pivot
Cango secured $75.5 million in fresh equity financing following a $305 million Bitcoin sale, as the miner shifts toward AI and high-performance computing infrastructure.
Cango secured $75.5 million in fresh equity financing following a $305 million Bitcoin sale, as the miner shifts toward AI and high-performance computing infrastructure.
Bhutan transferred another $22 million in Bitcoin to a market maker as declining prices and rising mining costs pressure its state-backed crypto strategy.
Bitwise CIO Matt Hougan forecasts Bitcoin could reach $1.3 million by 2035 under conservative assumptions, citing low equity correlation and gold market benchmarks.
Woori Bank becomes the first major Korean lender to display Bitcoin prices in its trading room, reflecting rising institutional interest in digital assets amid evolving regulation and stablecoin plans.
Gold and silver extend their steep year-to-date rally while Bitcoin stalls, as investors hedge the risk of a Federal Reserve policy error and brace for next week’s rate decision.
MicroStrategy stock gained as Bitcoin stayed above $92,000 and analyst Tom Lee reiterated his bullish view, adding support to sentiment around the company’s BTC exposure.
Approximately 147,000 Bitcoin and 573,000 Ethereum options expire on November 28, signaling key shifts in market positioning.
SpaceX transferred 1,163 Bitcoin, valued at about $105 million, to a Coinbase Prime-linked wallet, marking another significant on-chain movement from the aerospace company’s treasury.
PayPal has initiated a major Bitcoin sweepstakes offering over $1 million in prizes to US customers, aiming to incentivize platform engagement and drive crypto transaction volume.
The plan proposed by Sumar also seeks to classify all cryptocurrencies as seizable assets and require the introduction of a visual “risk traffic light” warning system for investors.
This concern cited by the South African Reserve Bank is driven by the growing user base and the borderless nature of digital assets, which can be used to bypass Exchange Control Regulations.