Kanan Sells All ETH Holdings for $13.9 Million in August

Bitcoin mining company Kanan ($CAN) sold all 3,952 of its Ethereum (ETH) holdings at the end of August, securing approximately $13.9 million (about 18.7 billion won). The company used part of the funds to repurchase shares. In a September 8 report detailing its Q2 2026 financial results, Kanan disclosed that it had liquidated Ethereum and 54 Bitcoin (BTC) holdings for roughly $13.9 million. Additionally, the firm purchased 13.6 million American Depositary Shares (ADS) at approximately $5.4 million in late August. By September 8, 2026, Kanan had acquired a total of about 16.4 million ADS shares for around $7.4 million.