Canaan sells its Ethereum holdings, keeps 1,868 Bitcoin worth $13.9 million
Canaan sold 3,952 Ethereum and 54 Bitcoin for $13.9 million.
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5.4 million
$5.4 million was reinvested in share buybacks
The fact
$5.4 million was reinvested in share buybacks.
The company retains 1,868 Bitcoin in its reserves.
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Why it matters
Cette vente réduit l'exposition de Canaan aux fluctuations d'Ethereum tout en maintenant une réserve stratégique en Bitcoin, influençant sa trésorerie et sa valorisation boursière.