Bitcoin MagazineBitcoin Mining Company Canaan Adopts BTC as Primary Reserve AssetToday, Canaan Inc. (NASDAQ: CAN) announced the adoption of a formal Cryptocurrency Holding Policy that positions Bitcoin as its core long term reserve asset. The new policy marks a strategic shift in how the company manages its digital assets, aiming to strengthen its financial stability and align more closely with the broader Bitcoin economy.“The Policy is designed to anchor Canaan’s capital allocation approach firmly within its core competency—the global bitcoin ecosystem—while providing measured flexibility to address operational requirements that may arise from the Company’s self-mining operations, bitcoin mining machine sales, and related crypto-infrastructure initiatives,” commented the chairman and CEO of Canaan Nangeng Zhang. “We believe in the strategic importance of maintaining bitcoin reserves, which reached 1,484 bitcoins as of June 30, 2025.”According to the company, the policy establishes a structured approach for acquiring, holding, and disposing of bitcoin and other cryptocurrencies, with a focus on liquidity management, risk tolerance, and long term growth objectives. Under this framework, Bitcoin earned through Canaan’s business operations, such as self-mining and the sale of mining equipment, will generally be held for the long term.“Canaan believes that a disciplined, long-term BTC reserve position fortifies its balance sheet, aligns the Company with the broader digital asset economy, and provides strategic optionality for future growth,” the company stated.The policy allows for some flexibility. While Bitcoin will remain the centerpiece of the company’s crypto strategy, Canaan may also acquire other digital assets such as Ethereum or Genius Act–compliant stablecoins. These non-core assets will typically be converted into fiat currency, but may be temporarily held for short to medium term needs related to operations, hedging, or other approved objectives.By formalizing its Bitcoin holdings, Canaan aims to build a stronger balance sheet, improve strategic optionality, and reinforce its position in the digital asset space. The company sees Bitcoin not only as a reserve asset but also as a hedge against inflation and a long term store of value.This post Bitcoin Mining Company Canaan Adopts BTC as Primary Reserve Asset first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.