Canaan Inc. Adopts Bitcoin as Primary Reserve Asset in New Policy

Canaan Inc., a Bitcoin mining equipment manufacturer, has implemented a formal Cryptocurrency Holding Policy as of July 30, 2025. Key points include:

Bitcoin designated as the primary long-term reserve asset.
Reserves currently at 1,484 BTC.
Accumulated Bitcoin will be held long-term unless needed for liquidity or risk management.
Other digital assets may be acquired but typically converted to fiat for operational needs.

Nangeng Zhang, CEO, highlighted the policy's role in enhancing capital allocation and supporting future growth. This aligns Canaan with other public companies adopting similar treasury strategies amidst increasing institutional interest in Bitcoin, despite market volatility.

The announcement had minimal impact on Nasdaq trading, with shares down 0.18% and a market cap close to $300 million.