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CoinDesk: Canaan May Sell More Bitcoin to Support Share Buybacks
According to CoinDesk, Canaan Inc. has launched a $20 million share repurchase program and may sell additional Bitcoin to fund the buybacks. The report also stated that its mining machine sales revenue plummeted by 96%, and as of the end of September, the majority of its Bitcoin holdings have been staked or allocated to fixed-term products.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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