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 .