Canaan to Sell Crypto Holdings to Fund Share Buybacks

Canaan plans to liquidate part of its $130M crypto treasury to execute ADS buybacks, addressing the gap between market cap and asset value.

Woofun AI reports that Canaan intends to sell a portion of its cryptocurrency holdings to finance a share repurchase program. The company’s board approved the American depositary share (ADS) buyback plan in December 2025, and proceeds from the crypto sale will be directed toward executing it. Based on Aug. 3 market prices, Canaan’s crypto holdings were valued at approximately $130 million. The company noted that it may sell additional cryptocurrency in the future, depending on its share price, market conditions, and operational cash requirements.