Canaan Technology announced that Bitcoin will become the company's long-term reserve asset

Odaily Planet Daily reported that Nasdaq-listed Canaan Inc. announced the adoption of a cryptocurrency holding policy, establishing a clear and standardized framework for the acquisition, safekeeping, and disposal of cryptocurrencies to ensure that they support the company's liquidity needs, risk tolerance, and long-term strategic goals. Under the policy, Bitcoin is designated as the company's primary long-term reserve asset. Bitcoin accumulated through daily business activities (including self-mining and the sale of mining equipment) is generally held for the long term, unless required for liquidity management or risk aversion. As of June 30, 2025, the company's Bitcoin reserves had reached 1,484. (PRNewswire)