According to Wu Blockchain, Bitcoin mining machine manufacturer Canaan Inc. (NASDAQ: CAN) announced that it has authorized management to liquidate part of its digital asset reserves to fund the repurchase of American Depositary Shares (ADS) under its existing share buyback program. The company stated that its current market value is lower than the combined value of its digital assets and cash as disclosed on March 31. As of August 3 market prices, the market value of its digital asset holdings is approximately $130 million. Future buybacks will depend on stock prices, market conditions, and working capital needs. Specific liquidation amounts and buyback scale have not yet been disclosed. https://(wublock123.com)/news/canaan-technology-sell-digital-assets-for-share-buyback-65892