Canaan (CAN), one of the largest manufacturers of ASICs for Bitcoin and cryptocurrency mining, officially announced the adoption of a strategic reserve for BTC and cryptocurrencies on July 31.  

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

"Canaan has officially adopted a long-term Bitcoin holding policy. BTC is now our primary reserve asset, strengthening our balance sheet and strategic focus." 

Canaan, Bitcoin and cryptocurrency ASIC manufacturer.

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

According to the document, the goal is to retain the bitcoins obtained through regular operations (such as the sale of ASIC equipment or self-mining), unless it is necessary to sell part of those holdings to manage liquidity or mitigate risks. 

Canaan will also acquire other cryptocurrencies such as ether or certain stablecoins regulated by the US Genius Act, although these positions will not be part of the strategic core of reserves. 

According to the company, these ether or stablecoin holdings will typically be "converted to fiat currency, but may also be held for the short to medium term when such positions directly support operational requirements, hedging strategies, or other approved corporate objectives."

For his part, Canaan CEO and President Nangeng Zhang stated that the policy is designed to align the company's capital allocation with its core competency, namely the global Bitcoin ecosystem. 

"We believe in the strategic importance of holding reserves in Bitcoin," Zhang said, emphasizing that the figure reached by the company at the end of the first half of the year consolidates this new phase.