Oct. 9 at 3:20 PM
$CANG UNDERVALUED — easy 2x+ potential into year-end 🔥
Cango (CANG) is sitting on a massive BTC treasury the market’s sleeping on.
💎 Facts:
• Holds ~5,300 BTC (worth ~
$640M @
$121K BTC)
• Market cap = ~
$800M → BTC alone = 80%+ of valuation 😳
• Mining ~500 BTC/month and HODLing every coin
• At this pace → +1,500 BTC by year-end = ~6,800 BTC total
• If BTC hits
$150K, that’s
$1.02B in BTC value — before even counting the mining ops themselves
📈 Math is simple:
BTC value =
$1.02B
Add modest 1.5× premium for mining biz →
$1.5B implied market cap
At ~176M shares →
$8.50–
$10+ stock 👀
💡Translation:
CANGO trades below its BTC book value. You’re getting the mining business + upside for free.
If BTC runs, CANGO rips harder.