Two publicly traded Bitcoin mining companies, BitFuFu and Cango Inc., have significantly expanded their Bitcoin holdings, highlighting a continued institutional strategy of accumulating the digital asset as a treasury reserve. The moves, reported at the end of 2025, come alongside operational improvements and new investments aimed at strengthening their market positions.
BitFuFu, a Singapore-based miner listed on Nasdaq, increased its Bitcoin holdings to 1,780 BTC by December 31, 2025, with a late-year addition of 16 BTC bringing the total's estimated value to over $160 million. In a parallel strategic move, the company sharply reduced its pledged Bitcoin balance from 620 BTC to 274 BTC, a decision that enhances its liquidity and financial flexibility heading into the new year.
BitFuFu's Chairman and CEO, Leo Lu, stated, "In 2025, we mined 3,662 BTC, reduced pledged balances, continued to build our Bitcoin treasury, and created value for cloud mining customers through reliable capacity, service, and uptime." The company's December 2025 production totaled 188 BTC, comprising 151 BTC from cloud mining services and 37 BTC from self-mining. Lu added that recent Bitcoin price strength and the improved liquidity position reinforce the company's "optimistic outlook for the year ahead."
Cango Inc., a Bitcoin miner traded on the NYSE, reported an even larger accumulation. The company increased its total Bitcoin holdings to 7,528.3 BTC by December 2025, adding 569 BTC in that month alone due to favorable mining conditions. This growth exemplifies the company's rapid mining expansion and strategic focus.
Further bolstering its operations, Cango received an investment of US$10.5 million aimed at enhancing Bitcoin mining efficiency and advancing its energy and AI compute platform. The company has clarified it has no immediate plans to divest its Bitcoin assets, confirming a firm commitment to holding the cryptocurrency as part of its long-term financial strategy.
