Based on ChainCatcher, two Chinese companies, Cango and Next Technology Holding, entered the top 20 largest Bitcoin holders in 2025. Cango, ranked 16th, holds 7,419 BTC, while Next Technology Holding, ranked 18th, holds 5,833 BTC. Both are U.S.-listed Chinese companies that configured Bitcoin holdings through offshore entities amid strict domestic regulations. Cango, originally an auto finance firm, transitioned to Bitcoin mining in 2024, acquiring 50EH/s hash power from Bitmain and becoming the world's second-largest mining company. Next Technology is a NASDAQ shell company of the WeChat business SaaS platform YueShang Group, with only eight full-time employees.
Two Chinese Firms Enter Top 20 BTC Holders in 2025
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Summary
BTC news today shows two Chinese firms now in the top 20 BTC holders. Cango and Next Technology Holding entered the list in 2025. Cango holds 7,419 BTC in 16th place. Next Technology holds 5,833 BTC in 18th place. Both are U.S.-listed and hold BTC through offshore entities. Cango shifted to Bitcoin mining in 2024, acquiring 50EH/s from Bitmain. Next Technology is the NASDAQ shell of YueShang Group, a WeChat business SaaS platform. The firm has just eight full-time employees.
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