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Canaan (CAN) Bitcoin Treasury Dashboard

Track CAN BTC holdings, mNAV, volume, volatility, price, and treasury analytics.

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Canaan (CAN)
🇺🇸
#39
BitcoinQuant
BTC Price
Current price of Bitcoin
$81,920
CAN BTC Holdings
Bitcoins held on balance sheet
₿1,793
CAN mNAV (EV)
Enterprise Value ÷ BTC NAV; premium (>1) or discount (<1)
1.51x
CAN Stock Price
Latest stock price (in USD)
$0.29
CAN % from 52W High
Current price gap from 52-week high
-87%
CAN Enterprise Value
MCap + Debt + Pref - Cash
$221.2M
CAN Market Cap
Equity market value
$208.1M
CAN BTC NAV
Current value of BTC = holdings × BTC price
$146.9M
CAN MCAP as % of BTC
Market capitalization as a percentage of Bitcoin holdings value
142%
CAN BTC Supply %
Company BTC holdings as % of total 21M Bitcoin supply
0.009%
CAN mNAV (MCap)
Market Cap ÷ BTC NAV; premium (>1) or discount (<1)
1.42x
CAN 1W Return
Jun 23, 2026 ($0.34) → Jun 30, 2026 ($0.29)
-15.81%
CAN 1M Return
May 29, 2026 ($0.41) → Jun 30, 2026 ($0.29)
-30.48%
CAN 3M Return
Mar 27, 2026 ($0.41) → Jun 30, 2026 ($0.29)
-30.15%
CAN YTD Return
Dec 31, 2025 ($0.69) → Jun 30, 2026 ($0.29)
-58.39%
CAN 1Y Return
Jun 30, 2025 ($0.62) → Jun 30, 2026 ($0.29)
-53.54%
CAN 1Y vs BTC
Stock 1Y return minus BTC 1Y return (percentage points)
-32.32 p.p.
CAN 52W High
Highest price in the last 52 weeks (in USD)
$2.22
CAN Basic Shares
Estimated basic shares outstanding
724,729,417
CAN Shares per BTC held
How many shares you need to get exposure to 1 full Bitcoin through the stock
—
CAN Trading Volume ($)
Most recent day's trading volume (VWAP × Volume)
$2.23M
CAN Avg 30D Volume
Average daily trading volume over the last 30 calendar days (VWAP × Volume)
$3.49M
CAN Debt
Total outstanding debt (Latest reported Yahoo Finance value)
$56.6M
CAN Debt/BTC NAV
Debt as a % of BTC NAV
—
CAN BTC Rating
BTC NAV ÷ Total Debt
—
CAN Cash
Total cash and cash equivalents
$43.45M
CAN Hist Volatility (30D)
Annualized standard deviation of the daily natural log return measured over the last 30 trading days
76.2%
CAN Hist Volatility (1Y)
Annualized standard deviation of the daily natural log return measured over the last calendar year
114.4%
CAN Implied Volatility
Open interest-weighted implied volatility from options market across all expirations
—
CAN Open Interest
Outstanding open interest contracts × 100 shares × live share price
—
CAN Put Open Interest
Outstanding put open interest contracts × 100 shares × live share price
—
CAN Call Open Interest
Outstanding call open interest contracts × 100 shares × live share price
—
CAN Put to Call
Ratio of put open interest to call open interest (put OI ÷ call OI). < 1.0 = more calls (bullish), > 1.0 = more puts (bearish)
—
CAN Duration (Days)
Open Interest-weighted average of days to expiration for options on this asset. Higher values indicate longer-term options activity.
—
CAN Short Interest (% Float)
% of tradable shares sold short
—
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About Canaan's Bitcoin Treasury Strategy

Canaan (CAN) ranks #39 globally among Bitcoin treasury companies, with 1,793 Bitcoin in its corporate treasury worth approximately $146.88M at current prices. This represents 0.009% of the total 21 million Bitcoin that will ever exist.

Trading at a stock price of $0.29 per share with a market capitalization of $208.07M, Canaan's stock currently trades at an mNAV (enterprise value to Bitcoin NAV multiple) of 1.51x. Bitcoin holdings represent 71% of the company's market cap, underscoring Bitcoin's central role in Canaan's balance sheet strategy.

Recent stock performance shows -15.81% over the past week, -30.48% over the past month, -58.39% year-to-date, and -53.54% over the past year. Canaan currently trades -87.07% from its 52-week high. The stock averages $3.49M in daily trading volume over the past 30 days, with 30-day volatility at 76.2%.

Canaan's Bitcoin treasury strategy is led by James Jin Cheng (CFO), and Nangeng Zhang (Chairman and CEO).

Related Bitcoin Treasury Companies

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Other Companies in US

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Bitcoin Preferred Equity

Preferred Equity Dashboard (STRC, STRD, STRF, STRK, SATA)

Canaan (CAN) Bitcoin Treasury Detailed Analysis

Track Canaan (CAN) Bitcoin purchases, mNAV, stock price, market cap, volatility, volume and treasury holdings.

Bitcoin Exposure & Holdings

Canaan (CAN) currently holds 1,793 Bitcoin in its corporate treasury. This represents 0.009% of the total 21 million Bitcoin that will ever exist.

At a current Bitcoin price of $81,920.00, Canaan's Bitcoin holdings are worth approximately $146.88 million, which represents the company's Bitcoin NAV (Net Asset Value).

Canaan's total cost basis for its Bitcoin holdings is $0.00, putting the company at a N/A unrealized loss on its Bitcoin position.

Canaan held 1,231 Bitcoin on January 1st, 2024. Since then, Canaan has been acquiring an average of 1.03 BTC per day, representing +45.65% growth in Bitcoin holdings since then.

Valuation Metrics & Market Capitalization

Canaan (CAN) stock price currently trades at $0.29 per share.

With a market capitalization of $214.03 million, Canaan ranks as a leading Bitcoin treasury company by equity market value.

On an Enterprise Value basis, Canaan's mNAV is 1.51x, meaning the market values the company's total capital structure at 1.51x times its underlying Bitcoin holdings.

On a Market Cap basis, Canaan's mNAV is 1.42x relative to Bitcoin NAV.

Bitcoin holdings represent 68.6% of Canaan's total market capitalization, underscoring Bitcoin's central role in the company's balance sheet strategy.

Canaan's Enterprise Value is $221.17 million, calculated as Market Cap plus Debt plus Preferred Stock minus Cash.

Financial Health & Balance Sheet

Canaan has total outstanding debt of $56.55 million, representing a debt-to-Bitcoin NAV ratio of 0.39x.

The BTC Rating for Canaan is 2.60x (Bitcoin NAV ÷ Total Debt), indicating 2.60x coverage of total debt by Bitcoin holdings.

In cash and cash equivalents, Canaan holds $43.45 million.

Canaan reported total revenue of $509.65 million.

Trading Volume & Risk Metrics

In the most recent trading session, CAN recorded $2.23 million in dollar volume.

Over the past 30 days, CAN has averaged $3.49 million in daily trading volume.

Canaan's 30-day historical volatility is 76.2%.

Over the past calendar year, CAN's historical volatility is 114.4%.

Canaan's beta is 2.54x.

Short interest for CAN represents 9.8% of tradable shares.

Canaan's 90-day correlation with IBIT (iShares Bitcoin Trust ETF) is 53.3%, measuring how closely the stock tracks spot Bitcoin exposure.

CAN currently trades -87.07% from its 52-week high.

Options Market & Trading Activity

Implied volatility from the options market for CAN is 0.0%.

Total open interest for CAN options is $4.46 million. Put open interest totals $977,259.69 thousand and call open interest totals $3.48 million.

The put-to-call ratio for Canaan is 0.28x.

Weighted by open interest, the average duration for CAN options is 207.8 days to expiration.

Bitcoin Strategy Leadership

Canaan's Bitcoin treasury strategy is led by James Jin Cheng (CFO), and Nangeng Zhang (Chairman and CEO).

Canaan Bitcoin Treasury Data & Analysis on BitcoinQuant

The interactive Canaan Bitcoin treasury chart above provides a comprehensive visualization of the company's Bitcoin treasury performance over time, allowing investors to track BTC holdings, acquisition rates, and valuation metrics.

All of the data on this page — including Canaan's Bitcoin NAV, mNAV, BTC Rating, cost basis, and options activity — is calculated in real time and updated continuously on BitcoinQuant. By analyzing these treasury metrics alongside historical acquisition data and market performance, investors can gain insights into Canaan's Bitcoin accumulation strategy and compare it against other Bitcoin treasury companies tracked across the BitcoinQuant platform.

BitcoinQuant tracks the full universe of public companies holding Bitcoin, providing real-time analytics on holdings, valuations, financial health, trading activity, and risk metrics across every Bitcoin treasury stock in the market.

Data as of: 05/11/2026, 2:05 PM ET

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