Next Technology Holding Inc. (NXTT), a Nasdaq-listed company valued at about $8 million, has authorized selling or borrowing against its 5,833 Bitcoin holdings worth approximately $450 million. This decision follows a major security breach at Binance, where $6.3 billion was compromised, prompting NXTT's board to reassess crypto risks. NXTT does not hold its Bitcoin on Binance but cited broader exchange security and quantum computing risks as reasons for the move. The company’s CEO has discretion over timing and method, aiming to reduce market exposure and improve liquidity. The large valuation gap between NXTT’s market cap and its Bitcoin holdings raises investor skepticism, especially since the company has not disclosed custodians or wallet addresses for verification.
Next Technology Holding's Bitcoin holdings and potential sale are the subject, with Pluang's market snapshot as of Oct 31, 2026 19:21 WIB: Among 50 major cryptocurrencies, 31 rose and 18 fell today. Notable movers include LINK at Rp211,121 with a 4.46% increase and 95% sell order activity, ATOM at Rp27,000 down 3.68% with 87% buy order activity, and EGLD at Rp60,881 up 3.39% with 61% buy order activity.
Next Technology Holding Inc. has authorized the potential sale or financing pledge of approximately 5,833 Bitcoin due to concerns over exchange security and quantum computing risks. The Nasdaq-listed company's board gave CEO control over the timing, ...
Stacks (STX) experienced a significant price increase, rising 29.69% over 24 hours and 13.37% in just 15 minutes on October 31. The token also gained 15.13% in the hour before that, showing strong short-term momentum. Trading volume reached $2.12 mil...
Ether (ETH), the second-largest cryptocurrency by market capitalization, rose above $2,250 to $2,252 on Binance spot as of 8:48 a.m. ET on October 31. This marked a $2 increase within a 15-minute window and a modest 0.07% gain over the past hour. The...
Altria, known for its strong dividend history, increased its dividend for the 61st time in 57 years while reporting a 1% revenue rise to $6.1 billion and a 7% EPS increase to $1.51. The company beat earnings expectations, raised its full-year earning...
Verizon delivered its best quarter in five years for postpaid net additions and raised its full-year earnings, free cash flow, and net additions guidance for the third time. Despite concerns about competition from SpaceX's Starlink, Verizon's strong ...
