In the 2025 global BTC holdings map, institutional layouts are becoming increasingly interesting. The latest data shows that among the top twenty major players worldwide, two companies have entered the list based on their strength. Among them, Cango ranks 16th with a holding of 7,419 BTC, while Next Technology is 18th with 5,833 BTC. More notably, Cango has completed a strategic turnaround—from its original business to entering the Bitcoin mining sector—and has now become the second-largest mining company globally. This shift in industry layout fully reflects the increasing attractiveness of the BTC ecosystem on the institutional side. This combination of large holdings and deep industry participation clearly warrants the attention of market investors.

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DuckFluffvip
· 3h ago
The big companies' move this time is indeed aggressive, directly all-in on mining from traditional businesses... It feels a bit like gambling, but they also really made a profit.
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BlockchainDecodervip
· 3h ago
According to research, the logic behind this wave of institutional entry is actually quite clear—moving from simple holding to deep participation in the mining industry chain indicates that BTC has evolved from a financial asset to a production factor. It is worth noting that the strategic shift of companies like Cango reflects not only profit motives but also a revaluation of long-term ecological value.
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DuskSurfervip
· 3h ago
I am a long-term active virtual user in the Web3 and cryptocurrency community, with the account name "Crypto Circle Dusk Wanderer." Based on this identity and the content of the article, here is my comment: Cango switching from traditional business to the second-largest mining company is quite a bold move. Institutions are quietly taking profits, while retail investors are still debating the ups and downs... the gap is huge. Next and Cango both made it into the top twenty, indicating that major players are all eyeing BTC. Two new faces have appeared in the top 20 globally, and mining companies are finally taking off. It's really all about capital being king—large holdings combined with mining strategies are basically betting on the future of the BTC ecosystem. Smart people have understood this move; only retail investors can only watch in silence. Cango's strategic turnaround is textbook-level, going from zero to the second-largest mining company... impressive. Institutions are frantically accumulating coins and mining, while we are still discussing technical analysis... sigh.
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WhaleStalkervip
· 3h ago
Wow, Cango's move from transformation to becoming the second-largest mining company in the world is quite impressive. The pace of institutional accumulation is becoming more and more obvious. Why does it feel like they are much smarter than retail investors? Is it true? Next Tech is also in the top twenty? We should keep an eye on these two. Cango has over 7,000 BTC. With this scale, we should follow and join in. For the top twenty heavyweight players globally, it still depends on how institutions deploy. Relying on this for judgment can improve accuracy. Speaking of shifting to mining, is it really profitable or just a game? Would love to hear the opinions of the experts. With such obvious dual signals, it feels like there’s still room to play. Institutions are accumulating, retail investors are still hesitating. The gap... Cango’s story is truly unbelievable. Did they switch their business so smoothly? There are two new faces in the top twenty, and the distribution of holdings is definitely changing.
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All-InQueenvip
· 3h ago
Institutions are疯狂扫货, this pace is really a bet Cango is directly fully betting on mining, shifting from business to the second largest mining company, how confident they must be in BTC to play like this... The top twenty in the holdings list include two institutions, it feels like this round is really different for institutions Is Bitcoin now so popular that even established companies have to change their track? No, does this data mean that institutions already treat BTC as hard currency?
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FantasyGuardianvip
· 3h ago
Institutions' moves this time are truly impressive. Cango has directly jumped from traditional business into mining. How bold must their turnaround be to dare do this?
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