China’s largest corporate Bitcoin holder is doubling down on its crypto strategy with a bold new funding move.
Next Technology Holding’s $500M Plan
Next Technology Holding — the biggest Bitcoin treasury firm in China — has filed with the US Securities and Exchange Commission to sell up to $500 million in common stock.
The proceeds, according to the company, will go toward:
- General corporate purposes
- Strategic Bitcoin acquisitions
Currently, the firm holds 5,833 BTC valued at nearly $672 million, ranking it the 15th largest Bitcoin treasury worldwide.
If just half of the $500M offering is directed to Bitcoin, Next Technology could add around 2,170 BTC, raising its total stash above 8,000 BTC at today’s prices.
The Rise of Corporate Bitcoin Treasuries
This isn’t an isolated case — it’s part of a growing corporate trend. Publicly listed companies are using equity and debt to load up on Bitcoin, treating it more like strategic reserves than speculation.
Here’s the bigger picture:
- 190+ companies now hold Bitcoin on balance sheets (up from <100 at the start of 2025).
- Combined, these firms own over 1 million BTC, or 5% of the circulating supply.
- Market leader Strategy (Michael Saylor) controls nearly 639,000 BTC.
By positioning Bitcoin as a scarce digital asset, companies are hedging against inflation while signaling long-term conviction.
Market Reaction
Despite the bullish intent, Wall Street wasn’t entirely convinced.
- Share price impact: Next Technology’s stock dropped 4.76% to $0.14 on Nasdaq, followed by another 7.43% dip after-hours.
- Paper profits: Still, the firm has been sitting on massive gains. Its average Bitcoin entry price is $31,386 per BTC, giving it a 266.7% profit.
Unlike peers such as Metaplanet or Semler Scientific — which set bold multi-year targets for BTC accumulation — Next Technology says it will take a month-by-month approach, monitoring market conditions before making further buys.
Why This Matters
- Corporate Bitcoin adoption is accelerating globally.
- Public treasuries holding BTC give legitimacy and stability to Bitcoin’s long-term outlook.
- However, short-term investor sentiment often remains skeptical when companies tie too much of their balance sheet to crypto.
AI Satoshi’s Analysis
This move illustrates how corporations are leveraging equity markets to accumulate Bitcoin, treating it as a strategic reserve asset rather than mere speculation. By redirecting capital into a fixed-supply digital asset, firms seek insulation from inflationary risks while strengthening balance sheets. However, market reactions — like the share price drop — show traditional investors remain cautious about heavy Bitcoin exposure.
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💬 Would you back a company doubling down on Bitcoin like this?
⚠️ Disclaimer: This content is generated with the help of AI and intended for educational and experimental purposes only. Not financial advice.