Next Technology

Next Technology Holding Inc. is a software service provider, but in recent years, its business focus has shifted to Bitcoin investment, with the main models including: Large-scale accumulation of Bitcoin: In Q1 2025, financing through stocks and warrants to acquire 5,000 Bitcoins, bringing the total holdings to 5,833 BTC (valued at approximately $481.7 million). Digital asset investment strategy: Similar to Micro Strategy, using Bitcoin as a core reserve asset instead of traditional corporate cash. Potential financial derivatives operations: may involve Bitcoin options or lending strategies (not explicitly disclosed)

Unrealized gains from Bitcoin: Q1 2025 net income $193.4 million, almost entirely from the book value increase of Bitcoin. Financing + Acquisition Cycle: By issuing stocks/warrants for financing, then purchasing Bitcoin, forming a "increased holdings → stock price rises → refinancing" model. Future potential cashing out or staking: If Bitcoin rises, there may be partial sales for profit, or it may be used for staking and lending.

Stock price drive: After the Bitcoin holdings were announced, the stock price surged 740% in a single day, and the market value skyrocketed in the short term. Anti-inflation strategy: The company clearly states that Bitcoin is a "long-term asset for hedging against inflation." Attracting speculative funds: Similar to "Bitcoin concept stocks," attracting attention from the crypto market and increasing liquidity.

Bitcoin ( BTC ): Direct demand push: Large-scale increase in holdings (5,833 units) may temporarily reduce market circulation. Market sentiment boosted: Strengthen the narrative of "companies hoarding coins" to attract more institutions to follow suit.