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Canaan Inc (CAN) — BTC Stacking Curve

Cumulative holdings, every disclosed buy, share price, and the best-fit saturation curve.

Total BTC
1,826
Disclosed buys
17
Avg cost basis
$56.2K
90-day BTC
48
Weekly rate
3.73/wk
Best fit
Richards
R² 0.98

Canaan Inc holds 1,826 BTC across 17 disclosed purchases. Average cost basis $56,205 per BTC. Last 30 days: 0 BTC. Last 90 days: 48 BTC — 3.73/week. Best fit: Richards (R² 0.98). Curve flattens toward 3,633 BTC, steepest accumulation Nov 2025.

Cumulative BTC heldBTC purchase (size = BTC)Share priceRichards fit

Transaction history

All BTC transactions, most recent first.

DateBTCSpotUSD CostCumulative
Apr 30, 202618$78.0K$1.4M1,826
Apr 10, 202615$98.0K$1.5M1,808
Mar 11, 202615$71.3K$1.1M1,793
Feb 15, 202628$70.2K$2.0M1,778
Jan 15, 202620$97.0K$1.9M1,750
Dec 12, 2025120$90.3K$10.8M1,730
Nov 12, 202528$103.0K$2.9M1,610
Oct 10, 202535$121.7K$4.3M1,582
Sep 10, 202563$111.6K$7.0M1,547
Jul 30, 202518$117.9K$2.1M1,484
Jun 10, 202542$110.2K$4.6M1,466
Apr 30, 202516$94.3K$1.5M1,424
Mar 31, 2025177$82.3K$14.6M1,408
Sep 30, 2024174$65.7K$11.4M1,231
Jun 29, 202449.2$42.2K$2.1M1,057
Jun 29, 2024147.8$69.7K$10.3M1,008
Jun 29, 2024860$26.9K$23.1M860

How to read this chart

Cumulative BTC held — the staircase. Each step is a disclosed purchase; the step height is the size of the buy.

Purchase bubbles — one per buy. Bubble size is the BTC count; vertical position is the per-BTC cost basis. Small-and-high is a small buy at a high price; big-and-low is a big buy made cheap.

Share price — the secondary line on the right axis. Did the company stack faster when its equity ran hot?

Regression fit — the best of a Richards and a Gompertz saturation curve, chosen by log-R². It has to flatten: there are only 21 million Bitcoin.

Controls — Linear/Log switches the BTC axis. Play animates the curve forward through disclosure time. ‹ › steps through the cohort by holdings.