Next Technology Holding, listed on Nasdaq, has authorized a potential sale or financing deal backed by approximately 5,833 Bitcoin, valued around $450 million, which is over 50 times its current market capitalization of about $7.8 million. CEO Weihong Liu will decide the timing, price, and amount of any transaction, which could be done via trading platforms, private deals, or by using Bitcoin as collateral for financing. The company cited concerns over security risks such as the Binance theft, platform vulnerabilities, and quantum computing threats to Bitcoin's cryptography. Most of the Bitcoin is held by a Japanese institutional custodian and is not stored on Binance or through the exchange.
Next Technology Holding's Bitcoin sale authorization is context for cryptocurrency market activity. For readers following digital assets, here is Pluang's market snapshot as of Oct 31, 2026 20:21 WIB: of 50 major cryptocurrencies priced on Pluang, 32 rose and 17 fell. Bitcoin Cash (BCH) rose 2.97% to Rp5.292.892 with 100% buy orders, Enjin Coin (ENJ) rose 2.82% to Rp434 with 65% sell orders, and Harmony (ONE) fell 2.81% to Rp21 with 80% sell orders.
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