Canaan(US:CAN) Prnewswireยท2025-07-30 13:25Core Viewpoint - Canaan Inc. has implemented a Cryptocurrency Holding Policy to manage its cryptocurrency assets effectively, focusing on liquidity, risk tolerance, and long-term strategic goals [1][4]. Group 1: Cryptocurrency Holding Policy - The Policy designates bitcoin as the primary long-term reserve asset, with a focus on retaining bitcoin accumulated through business activities unless liquidity management or risk mitigation is necessary [2][4]. - Canaan aims to maintain a disciplined long-term BTC reserve position, which is believed to strengthen its balance sheet and align with the digital asset economy [2][4]. Group 2: Other Cryptocurrency Holdings - Canaan may acquire other cryptocurrencies like Ethereum or stablecoins, which will typically be converted to fiat currency but can be held for short- to medium-term operational needs [3]. - The company emphasizes that these non-core holdings will support operational requirements and hedging strategies [3]. Group 3: Company Background - Canaan Inc., established in 2013, specializes in ASIC high-performance computing chip design and production, and was the first to ship mining machines using ASIC technology [5]. - The company went public on the Nasdaq Global Market in 2019, highlighting its growth and innovation in the cryptocurrency mining sector [5].