Bitcoin Miner Cango Sells 2,000 BTC to Cut Debt

[ed]

Cango just sold 2,000 BTC in March 2026, using the proceeds to reduce its Bitcoin-backed loans.

After the move:
• Treasury: 1,025.69 BTC
• Remaining debt: $30.6M

The company also secured fresh capital, including:
• $65M equity investment from leadership
• $10M convertible bond from DL Holdings

Cango says this strengthens its balance sheet as it prepares to expand into AI and energy infrastructure.

[cryptohog]

bitcoin maxis watching miners sell like this