Key Highlights
- Cango Inc. has announced the acquisition of 141 Bitcoin, worth $15.5 million
- The Bitcoin mining firm is aggressively increasing its Bitcoin stake amid the latest trend of Bitcoin treasury
The leading crypto mining company, Cango, announced the addition of 141 new Bitcoin, which brings its total holdings to 5708.3 BTC. The cumulative worth of this holding is around $6.22 billion.
(Source: Cango on X)
With this acquisition, the company is now aiming for 6,000 BTC.
The acquisition follows a robust weekly mining output of 149.1 BTC reported earlier this month, bringing cumulative holdings to 5,567.3 BTC as of September 19. This aggressive acquisition of the cryptocurrency shows an aggressive commitment to HODL amid the post-halving rally.
More Companies Are Putting Bitcoin on Their Balance Sheets
In 2025, the trend of companies buying BTC as part of their financial strategy has exploded. Public companies now hold over 1 million BTC, worth more than $115 billion. This growth is even faster than the money flowing into Bitcoin ETFs.
The leader is a company called MicroStrategy (now named Strategy), which holds a massive 638,985 BTC. In total, more than 250 public companies now own BTC, a big jump from just 148 earlier in the year.
Companies are doing this because they see BTC as a valuable asset, similar to gold. This movement is being helped by new, clearer government rules in the United States that make it easier for businesses to invest in cryptocurrencies.
While BTC is the most popular choice, companies are also starting to invest in other major cryptocurrencies like Ethereum and Solana. They are attracted to these because they can earn rewards, around 6-8%, by simply holding them. Some companies are even experimenting with accepting memecoins like Dogecoin for payments.
However, these other cryptocurrencies are generally seen as riskier and more volatile than BTC. The growing corporate interest shows that the crypto market is maturing, but companies are still being careful about where they put their money.
Corporate Digital Asset Treasury Boom
In 2025, companies all over the world are moving quickly to build up their reserves of Bitcoin. Publicly traded firms now hold a staggering 1.1 million BTC, which is worth about $125 billion. This represents a huge 25% jump in just one quarter, showing that companies are buying Bitcoin faster than money is flowing into popular Bitcoin ETFs.
This trend is being led by companies like CleanSpark and Riot Platforms, and it shows that businesses are increasingly seeing Bitcoin as a reliable way to protect their money from the decreasing value of traditional currencies.
CleanSpark, a Bitcoin mining company in the United States, currently holds 12,827 BTC worth $1.41 billion. They added 3,200 BTC to their treasury in the last three months, both by mining new coins and by raising $150 million through debt to buy more. Their competitor, Riot Platforms, holds 19,309 BTC. They are using large mining facilities in Texas to increase their Bitcoin output by 30% compared to last year. Smaller companies are also deeply involved.
This corporate rush is being encouraged by supportive new government regulations. In the United States, the 2025 Digital Asset Framework Act, which became law in July, officially classifies BTC as a commodity. This greatly reduces tax complications for companies that want to hold it.
Other agencies have provided clearer guidance, making it easier for businesses to follow the rules. Meanwhile, places like Singapore are attracting companies from the Asia-Pacific region by offering exemptions from taxes on cryptocurrency.
While Bitcoin is the clear leader, other cryptocurrencies are also seeing some interest from corporations. Holdings of Ethereum have reached 4.8 million ETH, valued at $19 billion, with some tech firms using it for decentralized finance.