Tencent Indirectly Exposed to Bitcoin via 15.6% Stake in Cango’s Mining Pivot

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8 months ago 216

Chinese technology giant Tencent has reported a 15.6% stake in Cango, an automobile financing platform that has recently pivoted into Bitcoin mining, making it the third-largest public Bitcoin mining firm According to a Schedule 13G amendment filed on Monday, Tencent holds 21.17 million shares of Cango as of December 31, 2024, representing 15.6% of the […]

The post Tencent Indirectly Exposed to Bitcoin via 15.6% Stake in Cango’s Mining Pivot appeared first on TheMinerMag.



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