Cango2026-07-02 22:45:14Cango Sells 4,451 Bitcoin for $305M to Repay Debt and Accelerate AI Infrastructure PushDallas-based Bitcoin miner Cango (CANG) sold 4,451 Bitcoin over the weekend for net proceeds of approximately $305 million, settling the transaction in Tether’s USDT stablecoin. The company used the full proceeds to partially repay a Bitcoin-collateralized loan, reducing leverage and strengthening its balance sheet amidst tightening margins post-halving. Cango announced a strategic pivot toward AI compute infrastructure, appointing former Zoom executive Jack Jin as CTO of its AI business line. The firm plans to deploy modular GPU compute nodes at existing mining sites for SME inference services, followed by a global orchestration platform. Despite the sale, Cango reaffirms commitment to its mining operations while navigating rising power costs and Bitcoin price volatility. The stock dropped 9% on the news.820
MARA2026-07-02 12:00:14MARA Sells $1.1 Billion in Bitcoin to Repurchase Convertible Notes, Cutting Debt by 30%Nasdaq-listed Bitcoin miner MARA sold 15,133 BTC (worth approximately $1.1 billion) between March 4 and March 25 to fund the repurchase of its 0.00% convertible senior notes due 2030 and 2031 at a ~9% discount, generating ~$88.1 million in cash savings. The move reduces outstanding convertible debt from $3.3 billion to $2.3 billion (a 30% cut) and limits future shareholder dilution. CEO Fred Thiel stated the sale is part of a capital allocation strategy to strengthen the balance sheet and pivot toward AI and high-performance computing. After the sale, MARA holds 38,689 BTC (valued at ~$2.7 billion), ranking second among corporate Bitcoin holders behind Twenty One Capital. Shares rose 6% in premarket trading. J. Wood Capital Advisors acted as financial advisor, with Paul, Weiss providing legal counsel.600
Nakamoto2026-06-11 14:00:53Nakamoto Cuts Debt by $45 Million and Starts Stock Buyback PlanTechFlowPost reported that Nakamoto has reduced its debt by $45 million and launched a stock repurchase plan.740
Nakamoto2026-06-11 14:00:53Nakamoto Cuts About $45 Million in Debt and Authorizes Up to $25 Million Share BuybackBitcoin treasury company Nakamoto said it reduced about $45 million in outstanding debt after selling around 600 BTC and Bitcoin-related derivatives positions for about $48 million in net proceeds. The company also signed new loan terms with Payward Interactive and approved a share repurchase program of up to $25 million.650
