
Cango mined 954.5 BTC worth more than $100 million in April and May, following its full pivot to Bitcoin mining and sale of its legacy operations.

Cango mined 954.5 BTC worth more than $100 million in April and May, following its full pivot to Bitcoin mining and sale of its legacy operations.

Saylor and Bailey are changing Bitcoin’s role in finance, driving corporate adoption and long-term treasury strategies.

With the latest mining production in May, Mara has increased its Bitcoin holdings to 49,179 BTC and has sold zero BTC, according to Chief Financial Officer Salman Khan.

Analysts point to a combination of crypto and macro-specific factors, paired with the “seasonal patterns” of summer illiquidity as the main reasons for slowing investor appetite.