Summary
- Bitcoin miner Canaan has raised its holdings of Bitcoin (BTC) and Ethereum (ETH) to an all-time high, it said.
- Canaan said it held 1,793 BTC and 3,952 ETH as of February.
- In contrast to listed miners that have sold more than 15,000 BTC, Canaan is seen as expanding its Bitcoin and Ethereum holdings while maintaining a long-term holding strategy, it said.
Forecast Trend Report by Period
Canaan, a Bitcoin mining company, has increased its Bitcoin (BTC) and Ethereum (ETH) holdings to a record level.
According to Cointelegraph, a digital asset (cryptocurrency) news outlet, Canaan held 1,793 BTC and 3,952 ETH as of February.
The move runs counter to the recent trend of listed miners selling down their Bitcoin holdings. With Bitcoin prices falling, listed mining firms have reportedly sold a combined total of more than 15,000 BTC since October last year.
Canaan is seen as expanding its Bitcoin and Ethereum holdings and sticking to a long-term holding strategy despite these market conditions.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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