Particle.news
Download on the App Store
6 ARTICLES
·
3w ago

Next Technology Files to Sell Up to $500 Million in Stock to Expand Bitcoin Treasury

The Shenzhen-based Nasdaq issuer is using a U.S. shelf registration to raise equity for potential Bitcoin purchases.

Image

Overview

  • Next Technology Holding filed an S-3 with the SEC to register up to $500 million in common stock that can be sold in multiple tranches.
  • The company said a portion of proceeds may be used to buy more Bitcoin, with remaining uses including general corporate purposes.
  • Holdings stand at 5,833 BTC acquired at an average cost of $31,386 per coin, now valued at roughly $676 million for a gain near 270%.
  • The firm disclosed it may sell Bitcoin for corporate or tax needs and could use its BTC as collateral for future financing.
  • Next Technology ranks 15th among corporate Bitcoin holders, as public companies collectively control about 1.01 million BTC with Strategy and MARA reporting fresh September additions.