Canaan Inc. (NASDAQ: CAN) has
officially declared a Cryptocurrency Holding Policy, establishing Bitcoin as its primary, long-term reserve asset. This updated policy signifies a deliberate change in the firm’s handling of digital assets, with the goal of boosting its financial strength and increasing its integration with the wider
Bitcoin financial system.
Nangeng Zhang, Chairman and CEO of Canaan, stated, “The purpose of this Policy is to firmly ground Canaan’s capital deployment strategy within its key area of expertise – the global bitcoin network. At the same time, it offers the necessary flexibility to handle operational needs that may surface from the Company’s individual mining activities, sales of bitcoin mining machines, and connected crypto-infrastructure projects. We are confident in the strategic benefit of having bitcoin reserves, which totaled 1,484 bitcoins as of June 30, 2025.”
The company indicated that the policy creates a systematic method for acquiring, keeping, and selling Bitcoin and other cryptocurrencies. The primary focus is on maintaining liquidity, managing risk tolerance, and achieving long-term growth targets. According to this structure, Bitcoin generated through Canaan’s business activities, for instance, self-mining and the sale of mining hardware, will generally be held as a long-term investment.
“Canaan believes that a well-thought-out, long-term BTC reserve position strengthens its financial position, better aligns the Company with the larger digital asset world, and allows for strategic choices for future growth,” according to the company.
The policy allows for a degree of adaptability. Although
Bitcoin will be the cornerstone of the company’s crypto strategy, Canaan may also buy other digital assets like Ethereum or Genius Act-compliant stablecoins. These secondary assets will generally be converted into traditional currency but might be held temporarily to meet operational, hedging, or other approved requirements.
By formalizing its Bitcoin holdings, Canaan intends to fortify its balance sheet, improve its strategic options, and solidify its standing within the digital asset market. The company sees Bitcoin not only as a reserve asset but also as a defense against inflation and a durable store of value for the future.