Next Technology Holding Inc. Announces Board Authorization to Sell or Pledge of Bitcoin ...
The Nasdaq-listed company said CEO Weihong Liu will decide any sale or financing as it weighs exchange, custody and cyber risks.
- On Friday, Next Technology Holding authorized selling or borrowing against its entire stash of 5,833 BTC, with NXTT closing at $5.30 per share, valuing the company at about $7.8 million.
- The company cited the Binance hacking incident, exchange vulnerabilities, and quantum computing threats to Bitcoin cryptography as reasons for reconsidering cryptocurrency risks, though none of its holdings sit on Binance.
- At roughly $77,000 per Bitcoin, the reported holdings are worth about $449 million, more than 50 times the company's equity valuation of $7.8 million.
- Chief Executive Weihong Liu will determine the timing, price, and size of any transactions, which may include exchange sales, privately negotiated trades, or Bitcoin-backed financing arrangements.
- Although its Annual Report says "substantially all" Bitcoin sits with institutional custodians, CoinDesk noted that public filings lack wallet addresses for independent verification of the reported holdings.
13 Articles
13 Articles
The Manila Times
stocktitan.netNext Technology Holding Inc. Announces Board Authorization to Sell or Pledge of Bitcoin Holdings to Reduce Bitcoin Exposure and Enhance Liquidity
CHEYENNE, WY, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Next Technology Holding Inc. (NASDAQ: NXTT) (the 'Company”), a technology company focused on AI-powered software development and digital asset management, today announced that its Board of Directors (the 'Board”) unanimously approved, by written consent effective October 30, 2026, the sale or pledging of the Company’s Bitcoin holdings in one or more tranches. As of October 30, 2026, the Company hel…
Next Technology Holding Inc. Announces Board Authorization to Sell or Pledge of Bitcoin ...
CHEYENNE, WY, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Next Technology Holding Inc. (NASDAQ: NXTT) (the “Company”), a technology company focused on AI-powered software development and digital asset management, today announced that its Board of Directors (the “Board”) unanimously approved, by…
Next Technology, a company listed in Nasdaq, authorized to evaluate the sale or use as a guarantee of its 5.833 BTC. The firm points out custody and market risks, including security incidents in exchanges and advances in quantum computing, although it did not announce a timetable or a specific amount for a possible transaction.
Nasdaq-Listed Company Opens Door to Major Bitcoin Selloff Bitcoin News ETHNews
Next Technology’s board authorized the sale or pledging of its entire Bitcoin treasury after reviewing security risks. The company’s reported cryptocurrency holdings are worth more than 50 times its equity market capitalization. SEC filings reveal substantial cash reserves and a share-financed Bitcoin acquisition, complicating the valuation picture. Nasdaq-listed Next Technology Holding (NXTT) has authorized the […]
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