Next Technology’s bitcoin sale approval covers $449M in holdings

Next Technology Holding has authorized bitcoin sales or borrowing against roughly 5,833 BTC valued at about $449 million—more than 50 times its stock-market value. The Nasdaq-listed company’s board approved the move on October 30, 2026, but the authorization does not guarantee that any transaction will happen.

The company cited the Binance hack, vulnerabilities at exchanges and concerns about quantum computing among its reasons. The statement further noted that none of its bitcoin is kept with or via Binance.

Next Technology’s bitcoin sale authorization leaves execution to its CEO

Chief Executive Weihong Liu will determine when transactions take place, their pricing and how much bitcoin they involve. The approval permits sales through exchanges, privately negotiated deals and financing secured by bitcoin, with transactions allowed in one or more batches.

The board’s stated objectives are to reduce bitcoin exposure and improve liquidity. Borrowing against the holdings is an alternative to selling them outright, rather than a requirement to dispose of the coins.

The scale of Next Technology’s potential bitcoin sale contrasts with its equity valuation. NXTT shares finished Friday at $5.30; with approximately 1.47 million shares outstanding, its market capitalization stood at about $7.8 million. The reported bitcoin position was valued at about $449 million using a reference price of roughly $77,000 per coin.

Most of that position came from a single acquisition. In March 2025, the company acquired 5,000 BTC through an earlier agreement, using shares, warrants and a cash prepayment. It recorded consideration totaling $158.1 million, equivalent to about $31,600 for each bitcoin acquired.

Custody details remain limited in the public filings. The annual report places “substantially all” of the bitcoin with institutional custodians based in Japan, but does not name those providers. The filings also contain no wallet addresses that investors can use to independently verify the reported balance.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.