INTEL: Next Technology Holding may sell $450M in Bitcoin, citing Binance hack, quantum risk
Nasdaq-listed software company Next Technology Holding (NXTT) said its board has authorized the staged sale or pledging of about 5,833 bitcoin, worth roughly $449 million. The company cited the Binance hack, exchange vulnerabilities and the potential threat of quantum computing to Bitcoin’s cryptography.
The company said none of its bitcoin is held at Binance.
What the authorization covers
CEO Weihong Liu will decide the timing, price and size of any transactions. The authorization allows sales on exchanges, privately negotiated deals and financing backed by the bitcoin. The company gave no guarantee that any transaction will be completed, so this is a permission to act, not an announced sale.
How the company built its holdings
Most of the bitcoin came from a March 2025 deal in which the company acquired 5,000 BTC for shares, warrants and a cash advance. Total consideration was $158.1 million, or about $31,600 per coin.
At the roughly $449 million valuation cited for the 5,833 BTC, the holdings are worth well above the price paid for the 5,000 BTC in that deal. The company did not say how much of the stack it might sell or borrow against, or over what period.
