【Blockchain Rhythm】 Canaan Creative just released last month's operational data, and it looks quite interesting. In November, they mined 89 BTC themselves, but a more impressive move was when they took advantage of price fluctuations to sweep 100 BTC directly from the market — they timed the bottom quite well.
Currently, this mining company has 1,730 BTC and 3,951 ETH sitting on their books, a stockpile size that ranks quite high among publicly listed mining companies. Additionally, they are continuously repurchasing their own shares, having bought back a total of 6.59 million American Depositary Shares, spending almost $4.9 million.
To be honest, mining, holding coins, and repurchasing shares all at once — this triple approach either shows great confidence in the future market or indicates very strong cash flow. Anyway, based on the data, they are truly increasing their positions with real cash.