The policy allows for a tiered liquidity structure, providing flexibility for operational needs while maintaining a focus on Bitcoin.

Canaan Inc., a Nasdaq-listed Chinese Bitcoin mining equipment manufacturer, has adopted a new Cryptocurrency Holding Policy that designates Bitcoin as its primary long-term reserve asset.

As of June 30, 2025, Canaan holds 1,484 bitcoins, valued at approximately $74 million, which it accumulated through self-mining and equipment sales.

This strategic move positions Bitcoin as a key store of value and inflation hedge, aligning with a growing trend among corporate treasuries to incorporate Bitcoin into their reserves.

The decision to adopt Bitcoin is driven by its capped supply of 21 million coins, making it an attractive hedge against inflation, especially in a low interest rate environment.

Canaan's strategy transforms it from merely a supplier of mining infrastructure to an active participant in the Bitcoin economy, enhancing operational and financial cohesion.

This decision contributes to Bitcoin's narrative as 'digital gold,' potentially accelerating its mainstream adoption and institutional legitimacy.

Canaan's move is reinforced by global macroeconomic factors like inflation and geopolitical uncertainty, prompting the adoption of alternative assets like Bitcoin.

Under the new policy, Bitcoin will generally be retained long-term unless liquidity management or risk mitigation is necessary, reflecting a structured approach to asset management.

Despite its benefits, Canaan faces challenges including Bitcoin's price volatility, the need for sophisticated risk management, and compliance with evolving regulatory standards.

Canaan's CEO, Nangeng Zhang, emphasized the importance of maintaining Bitcoin reserves, which reflect a substantial financial commitment beyond a symbolic gesture.

The framework of the policy includes guidelines for the acquisition, custody, and disposition of cryptocurrencies to support liquidity and strategic objectives.