$CAN TREASURY SHOCK HITS THE TAPE 🚨
Canaan reported Q1 revenue of $62.7M, down hard from $196.3M in Q4, with a net loss of $88.7M. The twist: crypto treasury hit a record 1,807 $BTC and 3,951 $ETH valued around $148M.ASIC demand is sliding.
Treasury exposure is expanding.
Market perception just shifted fast.
This is no longer trading like a clean hardware story. It is starting to move like a balance-sheet crypto exposure play. Watch institutional reaction closely.
Not financial advice. Manage your risk.
#Crypto #Bitcoin #Ethereum #BinanceSquar #MarketNews
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