With this thumbs and forefingers touching, this Buddha's hands make a circle of absolute balance and relaxation. He's just the right size to take with you wherever you go.
This Buddha's hands are in Dhyana Mudra -- the Mudra of Meditation. It is also called Samadhi or Yoga Mudra. Both hands are placed in the lap, right hand on left with fingers fully stretch and the palms facing upward (from "Short Description of Gods, Goddesses and Ritual Objects of Buddhism and Hinduism in Nepal"). This mudra promotes the energy of meditation, deep contemplation and unity with higher energy.
In Sanskrit, Buddha literally translates to 'awoken', 'enlightened'.