Canaan taps $130M crypto reserve for stock buybacks
Canaan has authorized management to sell part of its Bitcoin and Ethereum holdings to finance share repurchases under an existing $30 million program. SummaryCanaans crypto treasury was worth about $130 millionas of Aug. 3.The miner held 1,915 BTC and 3,952 ETHat the end of June.Canaan had spent $2 millionon buybacks as of May 19.Its Nasdaq-listed shares must regain the $1 minimum bid priceby Jan. 11, 2027. Canaan opens crypto treasury to fund buybacks Nasdaq-listed Bitcoin miner Canaan has authorized management to monetize part of its digital asset treasury and use the proceeds to repurchase its American depositary shares. The purchases will fall under an existing program that allows Canaan to buy back up to $30 million of its ADSs or Class A ordinary shares during the 12 months beginning Dec. 12, 2025, according to the companys Aug. 4 announcement. Canaan did not disclose how much cryptocurrency it intends to sell or when any sales will occur. The company also did not commit to using the entire remaining authorization. You might also like: Rarible launches on Solana with Claynosaurz NFTs Canaan did not disclose how much cryptocurrency it intends to sell or when any sales will occur. The company also did not commit to using the entire remaining authorization. Further









