CoinScoopCanaan Inc. Sells Entire ETH Holdings to Fund Share Buybacks
Canaan Inc. (NASDAQ: CAN) reported selling its entire holding of 3,952 ETH at an average price of approximately $2,400 per coin in late August. The company also sold 54 BTC at roughly $79,000 each, generating $13.9 million in total proceeds, which were partially used to repurchase 13.6 million ADS shares.
Summaries are written by AI from the original article. Not investment advice.