In the top 20 holdings of
#BTC in 2025,
Two Chinese companies have quietly infiltrated.
And both are quite “curved.”
One originally focused on auto loans,
The other on micro-business SaaS.
Against the backdrop of strict domestic crypto regulation,
They both chose to use US-listed Chinese concept stocks as shells to allocate Bitcoin.
This is not a coincidence,
It’s a path choice.
1. Cango (灿谷):
From an auto loan company to the world’s second-largest mining enterprise
Cango is an auto finance company listed on the NYSE in 2018.
After its main business declined, in 2024 it chose to make a direct