[Two Chinese Companies Among Top 20 BTC Holders in 2025, with Different Accumulation Strategies] According to Mars Finance, two Chinese companies are among the top 20 BTC holders in 2025: Cango ranks 16th with 7419 BTC, and Next Technology Holding ranks 18th with 5833 BTC. Both are US-listed Chinese companies that have allocated Bitcoin through overseas entities under strict domestic regulations. Cango was originally an auto finance company, but transformed into a Bitcoin mining company in 2024. After acquiring mining machines from Bitmain, its hashrate reached 50 EH/s, making it the world's second-largest mining company. After the acquisition, actual control was transferred to the Bitmain group, with Antalpha founder Jin Xin serving as chairman of the board. Next Technology is a Nasdaq shell company of YueShang Group, a micro-business SaaS platform, with only 8 full-time employees. The company's founders include Dai Zheng, co-founder of Qunar.com, and investors include Yao Jinbo, Tencent, and JD.com.
Two Chinese companies have entered the top 20 in BTC holdings in 2025, with different accumulation strategies.
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