Jessie A Ellis
Aug 01, 2025 18:58
Canaan Inc. has launched a cryptocurrency holding coverage emphasizing Bitcoin as its predominant reserve asset, aligning with strategic development and liquidity wants, in keeping with a current announcement.
Canaan Inc. (NASDAQ: CAN), a distinguished participant within the crypto mining sector, has unveiled its new Cryptocurrency Holding Coverage, signaling a strategic pivot in direction of a long-term Bitcoin (BTC) reserve place. This coverage goals to combine a structured method to cryptocurrency administration, aligning with the corporate’s liquidity necessities and strategic aims, in keeping with PR Newswire.
Strategic Concentrate on Bitcoin
The freshly adopted coverage designates Bitcoin as the first long-term reserve asset for Canaan Inc. The corporate intends to carry onto Bitcoins acquired by way of common enterprise operations, reminiscent of self-mining and tools gross sales, until required for liquidity administration or threat mitigation. This transfer is predicted to fortify Canaan’s stability sheet and align it with the broader digital asset economic system, providing strategic flexibility for future development.
Nangeng Zhang, the chairman and CEO, emphasised the coverage’s position in anchoring the corporate’s capital allocation technique inside its core competency within the world Bitcoin ecosystem. Zhang highlighted that as of June 30, 2025, Canaan’s Bitcoin reserves had reached 1,484 BTC, underscoring the corporate’s dedication to sustaining substantial Bitcoin holdings.
Versatile Cryptocurrency Administration
Whereas Bitcoin stays central, the coverage permits for the acquisition of different cryptocurrencies, reminiscent of Ethereum or U.S. Genius Act-compliant stablecoins, within the strange course of enterprise. These non-core digital property could also be transformed into fiat or held quickly to assist operational wants and hedging methods, reflecting Canaan’s adaptable method to cryptocurrency administration.
About Canaan Inc.
Based in 2013, Canaan Inc. is famend for its experience in ASIC high-performance computing chip design and manufacturing. The corporate made historical past by transport the primary batch of ASIC expertise mining machines below the Avalon model. Canaan’s public itemizing on the Nasdaq International Market in 2019 additional cemented its standing as a frontrunner within the crypto infrastructure business.
With this new coverage, Canaan Inc. underscores its strategic give attention to Bitcoin, leveraging its place within the crypto mining business to assist long-term development and monetary stability.
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