Mining companies continue to add to their BTC positions! Canaan Inc, a Nasdaq-listed mining company, has recently again increased its holdings by 15 bitcoins, bringing its total BTC holdings to 1,808. Although the amount added this time is not large, the signal it sends is very clear: mining companies are still continuously bullish on Bitcoin’s long-term value. For mining companies, Bitcoin is not only a “product,” but also part of their core asset allocation. Ongoing accumulation means they still have confidence in future prices.