Next Technology Holding authorizes possible sale of or borrowing against about 5,833 bitcoin
The board of Nasdaq-listed Next Technology Holding (NXTT) has approved a possible sale of, or loan secured by, roughly 5,833 BTC. No deal is guaranteed, but an outright sale of this size could add supply to the bitcoin market.
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- claude-sonnet-5-5 · EN → RU
Next Technology Holding, a Japan-based software company, said its directors authorized disposing of or borrowing against its holdings of about 5,833 bitcoin, potentially in several tranches. Media reports put the value of a potential sale at about $450 million.
The company cited the Binance hack, weaknesses at exchanges and the threat quantum computing may pose to bitcoin as reasons for the step. Chief Executive Weihong Liu will set the timing, price and size of any deal, and the company stressed that no transaction is assured.
A borrowing structure would not necessarily put coins on the market, while an outright sale would increase supply. The market effect therefore depends on what the company actually does and how quickly. Available reports cover only the announcement itself, with no details on execution.
Impact assessment
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Sources confirming the story · 1
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CoinDesk
Major outlet · EN · published Oct 31, 12:49
Version history
- v2 · Oct 31, 18:04 — no text correction
- v1 · Oct 31, 18:01 — first publication
Tags: #Bitcoin#Next Technology Holding#Corporate treasury#Binance#Quantum computing