Canaan Inc. Adopts Cryptocurrency Holding Policy and Strategic Bitcoin Position

SEC Filing 6-K (0001104659-25-072147)

Canaan Inc. (NASDAQ: CAN), a leader in crypto mining, announced the adoption of a Cryptocurrency Holding Policy on July 30, 2025. The policy establishes a structured framework for managing the acquisition, custody, and disposition of cryptocurrencies, with bitcoin designated as the primary long-term reserve asset. The company believes that maintaining a disciplined, long-term BTC reserve position strengthens its balance sheet and aligns it with the broader digital asset economy. As of June 30, 2025, Canaan held 1,484 bitcoins. The policy also allows for the acquisition of other cryptocurrencies like Ethereum or U.S. Genius Act–compliant stablecoins, which may be converted into fiat currency or held short- to medium-term to support operational needs. CEO Nangeng Zhang emphasized the strategic importance of bitcoin reserves in supporting the company’s core competency in the global bitcoin ecosystem.