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Next Technology’s bitcoin sale approval covers $449M in holdings

The Cryptonomist·October 31, 2026·1 min read
Next Technology’s bitcoin sale approval covers $449M in holdings

Next Technology Holding authorized bitcoin sales or borrowing against roughly 5,833 BTC valued at about $449 million, more than 50 times its stock-market value. The Nasdaq-listed company's board approved the move on October 30, 2026, but the authorization does not guarantee any transaction. The company cited the Binance hack and exchange vulnerabilities.

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