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 boost 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 gives measured flexibility to handle 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 imagine 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, threat tolerance and long-term development targets, in keeping with the corporate. Underneath this framework, Bitcoins acquired by Canaan’s enterprise operations are normally held for a protracted time frame, together with self-monitoring and promoting mining gear.
“Canan believes that the disciplined long-term BTC reserve place will strengthen its stability sheet, align the corporate with a broader digital asset financial system and supply strategic choices for future development,” the corporate mentioned.
This coverage offers you some flexibility. Bitcoin will stay central to the corporate’s crypto technique, however Canaan may purchase different digital belongings resembling Ethereum and genius acts and stubcoin. These non-core belongings are normally transformed to Fiat forex, however could also be quickly held as a consequence of short-term wants associated to operations, hedging, or different accredited objectives.
By formalizing Bitcoin Holding, Canaan goals to construct a stronger stability sheet, enhance strategic choices and strengthen its place within the digital asset house. The corporate views Bitcoin not solely as a reserve asset, but in addition as a long-term storage of hedges and worth towards inflation.
This post-Bitcoin mining firm Canaan employs BTC as its main reserve belongings first appeared in Bitcoin journal and was written by Oscar Zarraga Perez.
