Nasdaq-listed company NXTT considers selling $450 million in Bitcoin due to Binance hack and quantum risks.

PANews October 31 news, according to CoinDesk, Nasdaq-listed software company Next Technology Holding (NXTT) said its board of directors has authorized the sale or pledging of its approximately 5,833 bitcoins, worth about $449 million, in batches, citing reasons including the Binance hack incident, exchange vulnerabilities, and the potential threat of quantum computing to Bitcoin cryptography. The company stated that none of its bitcoins are held on Binance. CEO Weihong Liu will decide the timing, price, and scale of transactions; the authorization permits exchange sales, privately negotiated transactions, and Bitcoin-collateralized financing, but does not guarantee that transactions will be completed. Most of the company's bitcoins came from a transaction in March 2025, when it acquired 5,000 BTC with shares, warrants, and a cash advance, for total consideration of $158.1 million, equivalent to about $31,600 per coin.

PANews October 31 news, according to CoinDesk, Nasdaq-listed software company Next Technology Holding (NXTT) said its board of directors has authorized the sale or pledging of approximately 5,833 bitcoins, worth about $449 million, in batches, citing reasons including the Binance hack incident, exchange vulnerabilities, and the potential threat of quantum computing to Bitcoin cryptography. The company stated that none of its bitcoins are held on Binance. CEO Weihong Liu will decide the timing, price, and scale of transactions; the authorization permits exchange sales, privately negotiated transactions, and Bitcoin-collateralized financing, but does not guarantee that transactions will be completed. Most of the company's bitcoins came from a transaction in March 2025, when it acquired 5,000 BTC through shares, warrants, and a cash advance, with total consideration of $158.1 million, equivalent to approximately $31,600 per coin.

Next Technology is headquartered in Japan, closed at $5.30 on Friday, with a circulating market capitalization of approximately $7.8 million; calculated at approximately $77,000 per bitcoin, the value of its crypto holdings is more than 50 times its stock market capitalization.