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, price, and volume of sales, which may occur in multiple tranches via crypto exchanges or block trades. This move follows a recent security breach at Binance, although Next Technology confirmed none of its Bitcoin is held on Binance. The company has not disclosed any specific transaction schedule or guaranteed that a sale will happen.
Next Technology's potential sale or pledge of 5,833 Bitcoin provides context for cryptocurrency market activity. For readers following cryptocurrencies, here is Pluang's market snapshot as of Oct 31, 2026 19:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 31 rose and 18 fell. Notable movers include COTI at Rp175 (+2.23%) with 66% buy order activity, Bitcoin Cash (BCH) at Rp5,258,330 (+2.21%) with 100% buy orders, and The Sandbox (SAND) at Rp855 (+2.20%) with 60% sell orders.
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...
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