Right this moment, Canaan Inc. (NASDAQ: CAN) introduced the adoption of a proper Cryptocurrency Holding Coverage that positions Bitcoin as its core long run reserve asset. The brand new coverage marks a strategic shift in how the corporate manages its digital belongings, aiming to strengthen its monetary stability and align extra carefully with the broader Bitcoin financial system.
“The Coverage is designed to anchor Canaan’s capital allocation strategy firmly inside its core competency—the worldwide bitcoin ecosystem—whereas offering measured flexibility to deal with operational necessities that will come up from the Firm’s self-mining operations, bitcoin mining machine gross sales, and associated crypto-infrastructure initiatives,” commented the chairman and CEO of Canaan Nangeng Zhang. “We imagine within the strategic significance of sustaining bitcoin reserves, which reached 1,484 bitcoins as of June 30, 2025.”
In accordance with the corporate, the coverage establishes a structured strategy for buying, holding, and disposing of bitcoin and different cryptocurrencies, with a concentrate on liquidity administration, threat tolerance, and long run progress goals. Underneath this framework, Bitcoin earned via Canaan’s enterprise operations, resembling self-mining and the sale of mining gear, will usually be held for the long run.
“Canaan believes {that a} disciplined, long-term BTC reserve place fortifies its steadiness sheet, aligns the Firm with the broader digital asset financial system, and gives strategic optionality for future progress,” the corporate said.
The coverage permits for some flexibility. Whereas Bitcoin will stay the centerpiece of the corporate’s crypto technique, Canaan might also purchase different digital belongings resembling Ethereum or Genius Act–compliant stablecoins. These non-core belongings will usually be transformed into fiat forex, however could also be quickly held for brief to medium time period wants associated to operations, hedging, or different accepted goals.
By formalizing its Bitcoin holdings, Canaan goals to construct a stronger steadiness sheet, enhance strategic optionality, and reinforce its place within the digital asset area. The corporate sees Bitcoin not solely as a reserve asset but in addition as a hedge towards inflation and a long run retailer of worth.
This publish Bitcoin Mining Firm Canaan Adopts BTC as Major Reserve Asset first appeared on Bitcoin Journal and is written by Oscar Zarraga Perez.
