Immediately, Canaan Inc. (NASDAQ:CAN) introduced the adoption of a proper cryptocurrency retention coverage that positions Bitcoin as its core long-term reserve asset. The brand new coverage reveals a strategic change in the way in which the corporate manages its digital belongings, aiming to reinforce monetary stability and extra intently align with the broader Bitcoin financial system.
“This coverage is designed to securely lock Canaan’s capital allocation strategy into its core capabilities, the worldwide Bitcoin ecosystem, however offers measured flexibility to deal with operational necessities that will come up from the corporate’s self-employed operations, the sale of Bitcoin mining machines, and associated inter-crypto-rate initiatives. “As of June 30, 2025, we consider within the strategic significance of sustaining our Bitcoin reserve.”
The coverage establishes a structured strategy to buying, retaining and disposing of Bitcoin and different cryptocurrencies, specializing in liquidity administration, danger tolerance and long-term progress targets, in keeping with the corporate. Underneath this framework, Bitcoins acquired by way of Canaan’s enterprise operations are normally held for a protracted time frame, together with self-monitoring and promoting mining tools.
“Canan believes that the disciplined long-term BTC reserve place will strengthen its steadiness sheet, align the corporate with a broader digital asset financial system and supply strategic choices for future progress,” the corporate mentioned.
This coverage provides you some flexibility. Bitcoin will stay central to the corporate’s crypto technique, however Canaan may also purchase different digital belongings resembling Ethereum and genius acts and stubcoin. These non-core belongings are normally transformed to Fiat foreign money, however could also be quickly held on account of short-term wants associated to operations, hedging, or different authorised objectives.
By formalizing Bitcoin Holding, Canaan goals to construct a stronger steadiness sheet, enhance strategic choices and strengthen its place within the digital asset house. The corporate views Bitcoin not solely as a reserve asset, but additionally as a long-term storage of hedges and worth towards inflation.
This post-Bitcoin mining firm Canaan employs BTC as its major reserve belongings first appeared in Bitcoin journal and was written by Oscar Zarraga Perez.
