Next Technology Holding has authorized its chief executive to sell or borrow against approximately 5,833 Bitcoin, giving the Nasdaq-listed software company flexibility to reduce its crypto exposure and raise liquidity. The board approved the action by unanimous written consent effective October 30, according to a company announcement. The authorization is broad, but it is not evidence that Bitcoin has already been sold, transferred or pledged. Next Technology said there is no assurance about the timing, amount, price or completion of any transaction.

The board approved three possible routes

The company said transactions may be completed in one or more tranches through direct exchange sales, privately negotiated block trades or Bitcoin-backed financing. Chief Executive Weihong Liu can determine the timing, price, volume and tranche schedule, negotiate with buyers or lenders and delegate authority to senior officers in writing. That structure allows the company to choose between reducing the number of coins it holds and retaining the Bitcoin while using it as collateral. The second route would add borrowing terms, margin requirements and potential liquidation risk rather than producing an outright disposal.

Related reporting: Robinhood Adds $25 Million in Bitcoin to Its Balance Sheet

Security concerns prompted the review

Next Technology said the board acted after reviewing the recent Binance security incident and broader custody and market risks. It cited international hacking activity, exchange vulnerabilities and the possible future effect of quantum computing on cryptography. The company also said none of its Bitcoin is held on or through Binance. Those statements explain the board's reasoning, but they do not establish that Next Technology's own holdings were compromised or that a quantum threat is imminent. The announcement did not identify a buyer, lender, exchange or expected completion date.

The Bitcoin position is large relative to the company

CoinDesk calculated that 5,833 Bitcoin was worth about $449 million at a Bitcoin price near $77,000, while Next Technology's equity market value was roughly $7.8 million after Friday's close. The publication said most of the position came from a March 2025 transaction in which the company acquired 5,000 Bitcoin through a combination of shares, warrants and an earlier cash prepayment. Its annual report says substantially all of the holdings are kept with institutional custodians in Japan, but the company has not publicly identified those custodians or supplied wallet addresses for independent verification.

Authorization does not equal market supply

The distinction between permission and execution is important for investors assessing potential Bitcoin sales. A board resolution creates the capacity to act, while a completed sale would require disclosure of the amount, price and date. A pledge would have different consequences because the company could keep economic exposure while obtaining cash, subject to the lender's collateral rules. The announcement says the objective is to reduce risk exposure and improve liquidity, but it does not set a minimum cash target or commit the company to disposing of the entire position.

What to watch next

The next reliable evidence would be a regulatory filing or company update confirming coins sold, proceeds received, a block-trade counterparty or the terms of a Bitcoin-backed loan. Custodian identification or wallet attestations would also help investors evaluate the reported holdings. Until such information appears, the verified development is limited to board authorization: Next Technology may sell or pledge part or all of its reported Bitcoin position, but no completed transaction has been announced.

Sources

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