Bitcoin miner Canaan has authorized management to sell part of its digital asset reserves to fund a stock buyback of up to $30 million. According to BitcoinTreasuries.NET, Canaan holds 1,915 BTC and 3,952 ETH, valued at around $130 million in total.
Bitcoin miner Canaan has authorized its management to sell a portion of its digital asset reserves, with the proceeds earmarked to fund a stock buyback of up to $30 million.
BitcoinTreasuries.NET flagged the move in a post on X. At the time of disclosure, Canaan held 1,915 BTC and 3,952 ETH, worth roughly $130 million combined.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
