Canaan formalizes its Bitcoin strategic reserve

Canaan (CAN), one of ASIC’s largest manufacturers for Bitcoin and cryptocurrency mining, formalized July 31 the adoption of a strategic reserve in BTC and in cryptocurrencies.

Through a statement, the company explained that Bitcoin will be considered its main reserve asset, with a declared possession of 1,484 BTC as of June 30, 2025.

“Canaan has officially adopted a long -term Bitcoin possession policy. BTC is now our main reserve asset, which strengthens our strategic balance and approach.”

Canaan, Bitcoin Asic manufacturer and cryptocurrencies.

The company maintains that this policy responds to a strategic vision aimed at strengthening its accounting balance, linking its capital with the ecosystem in which it operates and maintaining flexibility for future growth.

As detailed by the document, the objective is Keep the bitcoins obtained through its usual operations (such as the sale of ASIC equipment or mining carried out on your own), unless it is required to sell part of these holdings to manage liquidity or mitigate risks.

Canaan will also acquire other cryptocurrencies such as Ether or certain stablcoins Regulated by American law genius act, although these positions will not be part of the strategic reserves nucleus.

As expressed by the company, those holdings in Ether or Stablcoins, in general, «They will turn fiduciary currencybut they may also be maintained in the short or medium term when such positions directly support operational requirements, coverage strategies or other approved corporate objectives ».

For his part, the executive director and president of Canaan, Nangeng Zhang, said that the policy is designed to align the company’s capital allocation with its central competence, that is, the Bitcoin global ecosystem.

“We believe in the strategic importance of maintaining bitcoin reservations,” said Zhang, stressing that the figure reached by the company at the end of the first semester of the year consolidated this new stage.