A company worth about $7.8 million on the stock market is sitting on roughly $450 million in bitcoin, and its board just cleared the way to sell it. That strange gap is why traders are suddenly watching Next Technology Holding, a small Nasdaq-listed firm that says it may sell or pledge its whole bitcoin pile.
Key points:
- Next Technology's board approved selling or pledging its nearly 5,833 bitcoin, worth around $449 million at roughly $77,000 a coin.
- The board named the Binance hack, weak spots in exchange security, and the quantum threat to bitcoin's code as the reasons behind the move.
- Nothing has been sold yet, and the company says plainly that no sale is guaranteed at all.
The decision came in a written board consent effective October 30, 2026, and the company announced it after Friday's close. Its directors said trimming the bitcoin position and raising cash is in the best interests of the company and its shareholders. If sales go ahead, they could happen on exchanges, in block trades with named buyers, or through loans backed by the bitcoin itself.
The board's review followed the security incident recently reported by Binance. It also weighed hacker attacks around the world, weak spots in exchange security, and new tech threats, including what quantum computing could one day do to bitcoin's cryptography. The company stressed that none of its bitcoin is held on or through Binance.
Read also: Binance $6.3B Hack Pushes Bitcoin Below $77,000 — What Breaks Next?
Why did the board bring up quantum computing?
Quantum machines that can break today's encryption are still a worry for the future, not a break that has happened. But when the pile at stake is worth more than 50 times the company's own stock-market value, even a distant risk starts to look big to a board. Most of the stash came from one March 2025 deal, when the firm picked up 5,000 bitcoin for about $158.1 million in shares, warrants and a cash prepayment, or roughly $31,600 a coin at the time. The company says nearly all its bitcoin sits with institutional custodians in Japan, though it has not named them, and its filings give no wallet addresses for outsiders to check.
My own read is plain: An approval to sell is not a sale. Watch the company's next filing and any large exchange inflows tied to it, not the press release. Chief Executive Weihong Liu now picks the timing, price and size of any deal, so a $449 million overhang from one small holder could hang over sentiment if sales start landing in tranches. If nothing sells, this story fades fast.
Read also: Strategy's $30B Bitcoin War Chest — Will Saylor Buy the Dip?
— BitByLine News Desk
This post is news only, not financial advice. BitByLine never tells anyone to buy or sell crypto — that choice is always yours, and the risk is yours too. Always do your own research before buying or selling crypto.
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Sources: CoinDesk, GlobeNewswire (Next Technology Holding announcement).
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