John Sodaro's questions to Canaan Inc (CAN) leadership • Q2 2025
Question
John Sodaro of Needham & Company asked for details on the Bitcoin treasury strategy, the potential for the stock to gain a premium similar to other Bitcoin-holding companies, and any plans to generate yield from its crypto assets.
Answer
CFO Jin James Chang outlined a conservative treasury strategy focused on safety, long-term value, and liquidity. He mentioned using Bitcoin for collateralized financing to fund operations, placing assets in interest-bearing accounts, and evaluating derivative strategies. He emphasized that their vertically integrated model allows them to grow reserves through multiple channels, including mining and direct purchases.