Bitcoin mining company Cango launches a $30 million stock buyback plan
ChainCatcher news, according to PR Newswire, the Bitcoin mining company Cango, listed on the NYSE, announced that its board of directors has approved a stock repurchase plan, intending to repurchase issued American Depositary Shares (ADS) and Class A common stock over the next 12 months starting from April 25, 2025, with a repurchase scale of up to $30 million.
Additionally, according to Cango's previously disclosed operational data, the company's total Bitcoin holdings reached 1,944 coins as of the end of February.
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