PANews reported on February 9th that, according to PR Newswire, Bitcoin miner Cango Inc. (NYSE: CANG) announced that, based on a comprehensive assessment of current market conditions and following approval from its board of directors, it completed the sale of 4,451 bitcoins on the open market over the weekend. These bitcoins were settled directly in USDT, generating a net proceeds of approximately $305 million. All USDT proceeds have been used to partially repay a loan secured by bitcoins.