The Avalon maker has launched a $20 million repurchase program, while most of its bitcoin holdings were pledged or placed in a fixed-term product at September’s end.
Canaan may sell more bitcoin for stock buybacks as mining-rig revenue falls 96%
Related News
Bitcoin
MSCI is dropping Strategy from its index, and the exclusion could hit its bitcoin-buying machine
MSCI’s decision to exclude Strategy from its equity indices could hamper the company’s ability to buy more bi…
Bitcoin
LIVE – Bitcoin Price Rebounds Despite Quantum Threat as Nvidia’s Jensen Huang Faces Ouster After Tw…
Bitcoin price rebounds as Glassnode flags $500B in quantum-exposed BTC and Nvidia weighs removing CEO Jensen …
Bitcoin
Is Bitcoin in a Bear Market? Willy Woo’s Answer Hinges on One Test
Bitcoin sentiment has slipped into fear, but Willy Woo says that rules out a Bitcoin bear market. See his tes…
Bitcoin
5 Days of Bitcoin ETF Outflows, Brought to You Mostly by BlackRock
Bitcoin (BTC) ETF outflows stretched to a fifth straight day on Wednesday, with $299.8 million leaving US spo…
Comments (0)
Please sign in to comment.
No comments yet. Be the first to comment.