Jesse A. Ellis
August 1, 2025 18:58
Canaan Inc. has introduced a cryptocurrency holding policy that highlights Bitcoin as a major reserve asset, tailoring strategic growth and liquidity needs, according to a recent announcement.
Canaan Inc. (NASDAQ:CAN), a well-known player in the Crypto Mining Section, has announced a new cryptocurrency holding policy, showing a strategic pivot towards the long-term Bitcoin (BTC) reserve position. According to PR Newswire, the policy aims to integrate a structured approach into cryptocurrency management and to align it with the company’s liquidity requirements and strategic objectives.
Strategic focus on Bitcoin
The newly adopted policy designates Bitcoin as Canaan Inc.’s main long-term reserve asset. The company plans to retain Bitcoin acquired through regular business operations such as self-mining and equipment sales, except where necessary for liquidity management and risk mitigation. The move is expected to strengthen Canaan’s balance sheet and tailor it to a broader digital asset economy and provide strategic flexibility for future growth.
Chairman and CEO Nanangeng Zhang highlighted the role of policies in securing a company’s capital allocation strategy within its core competency in the global Bitcoin ecosystem. Chang emphasized that as of June 30, 2025, Canaan’s Bitcoin Reserve reached 1,484 BTC, highlighting the company’s commitment to maintaining a significant bitcoin holding.
Flexible cryptocurrency management
Bitcoin remains central, but this policy allows the acquisition of other cryptocurrencies, such as Ethereum and stable coins in accordance with US genius, in the normal course of business. These non-core digital assets may be converted to Fiat or temporarily retained to support operational needs and hedging strategies, reflecting Canaan’s adaptable approach to cryptocurrency management.
About Canaan Inc.
Founded in 2013, Canaan Inc. is renowned for its expertise in the design and production of ASIC’s high-performance computing chips. The company made history by shipping the first batch of ASIC technology mining machines under the Avalon brand. Canaan’s public list of the 2019 NASDAQ Global Market further strengthened his position as a leader in the crypto infrastructure industry.
With this new policy, Canaan Inc. is strategically focusing on Bitcoin and leverages its position in crypto mining to support long-term growth and financial stability.
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