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Nasdaq-listed software company Next Technology Holding board authorizes the sale or pledge of about 5,833 Bitcoin

According to the company’s official announcement released through GlobeNewswire on October 30, 2026, Next Technology Holding Inc. (Nasdaq ticker: NXTT) board unanimously approved in writing that, effective October 30, 2026, it may sell or pledge its Bitcoin in batches. As of that date, the company held about 5,833 Bitcoin. The board said the move is intended to reduce exposure and enhance liquidity.

The announcement stated that the board made the decision after reviewing Binance’s recently reported security incident and believed that international hacker attacks, security vulnerabilities at trading platforms, and emerging technology threats, including the potential impact of quantum computing on Bitcoin cryptography, had increased the custodial and market risks of the company’s Bitcoin holdings. The company emphasized that none of its Bitcoin was stored on Binance, nor was any of it held through Binance.

The authorization allows direct sales through cryptocurrency trading platforms, block trades with specific buyers, or financing secured by Bitcoin collateral. The specific timing, price, quantity, and tranche arrangements for any transaction are to be determined by Chief Executive Officer Weihong Liu, who may delegate the relevant authority in writing to senior management. The announcement also noted that there is no guarantee as to the timing, amount, price, or ultimate completion of any sale or pledge transaction, nor that financing can be put in place.

At market prices at the time of reporting, the above-mentioned about 5,833 Bitcoin were worth about US$449 million. The company’s market capitalization at Friday’s close was about US$7.8 million, and the disclosed holdings were worth more than 50 times its market cap. Media reports cited the company’s annual report as saying that nearly all of the Bitcoin were held in custody by a Japanese institution, but did not disclose the name of the specific custodian.

Original sources

  1. Title: Next Technology Holding Inc. Announces Board Authorization to Sell or Pledge of Bitcoin Holdings to Reduce Bitcoin Exposure and Enhance Liquidity
    Publisher: Next Technology Holding Inc. (GlobeNewswire)
    Date of publication: 2026-10-30
    URL: https://www.globenewswire.com/news-release/2026/10/30/3392691/0/en/next-technology-holding-inc-announces-board-authorization-to-sell-or-pledge-of-bitcoin-holdings-to-reduce-bitcoin-exposure-and-enhance-liquidity.html
    Source type: Official company press release
    Verification status: Full text of the announcement read in full
    Supporting content: Board written consent authorization, holdings amount, reasons for the decision (Binance incident, exchange vulnerabilities, quantum computing risk), no holdings on Binance, transaction methods, CEO authority, and statement that completion is not guaranteed.

  2. Title: NXTT Authorizes Possible Sale of $450 Million in Bitcoin Holdings
    Publisher: TokenPost (citing the company announcement and market data)
    Date of publication: 2026-10-31
    URL: https://www.tokenpost.com/news/business/45499
    Source type: Financial media report
    Verification status: Key facts consistent with the official announcement were checked, and market cap and valuation calculations were added
    Supporting content: Market capitalization of about US$7.8 million, holdings valuation of about US$450 million, description of custody by a Japanese institution.

ABAB AI Insight

The authorization came one day after Binance’s hot wallet security incident was made public, and the company directly listed its review of that incident as one of the decision’s backdrops, alongside exchange security and quantum computing risks. Since the company clearly stated that its Bitcoin is not held in custody at Binance, the decision appears more like a reassessment of overall crypto custody and long-term technological risk rather than a direct response to losses.

The authorization is optional rather than a decision to execute, and the CEO has discretion over timing, price, and scale, while the announcement includes standard language that completion is not guaranteed. This gives the company room to decide whether, when, and how to monetize or finance based on market conditions.

The large gap between the holdings value and the company’s market capitalization (more than 50 times by the reporting measure) drew market attention to the announcement. The authorization itself does not change the accounting or custody status of the existing holdings, but it provides board-level support for possible future liquidity actions. Any subsequent actual transactions, if they occur, will still depend on further company disclosure and market execution conditions.