Next Technology authorizes bitcoin sales or loans amid custody and security risks

Traders Union
All News
Crypto
Next Technology eyes bitcoin sale

Highlights

Next Technology Holding authorized sales or loans of about 5,833 BTC with timing, pricing, and structure at CEO Weihong Liu's discretion.
Company cited exchange hacks, quantum computing threats, and does not use Binance, holding most bitcoin with unnamed Japan-based custodians.
At $77,000 per BTC, bitcoin holdings are valued at approximately $449 million, over 50 times Next Technology's $7.8 million equity value, raising verification concerns.

Authorized options for 5,833 BTC holding

As reported by CoinDesk, Next Technology Holding said after Friday's market close that its board authorized the sale of, or borrowing against, about 5,833 bitcoin in one or more batches, although no transaction is assured.

The company said Chief Executive Weihong Liu will determine the timing, pricing and size of any deal. The authorization covers exchange sales, privately negotiated transactions and bitcoin-backed financing. Next Technology also said none of its bitcoin is held on or through Binance, even as it cited the exchange hack, broader exchange vulnerabilities and possible quantum computing threats to bitcoin cryptography in explaining the decision.

In March 2025, the company acquired 5,000 BTC under a previously negotiated agreement, using shares and warrants alongside an earlier cash prepayment. Its annual report says substantially all of the bitcoin is held with Japan-based institutional custodians, but it does not name them.

Valuation gap and verification questions

At Friday's close, Next Technology ended at $5.30 a share, implying a market value of about $7.8 million based on roughly 1.47 million outstanding shares. Using a bitcoin price of about $77,000, the company's reported crypto holdings are worth about $449 million, or more than 50 times its equity valuation.

The scale of that gap is likely to keep attention on how the holdings are stored and verified. Filings reviewed in the report do not include wallet addresses that would allow investors to independently check the balance, and CoinDesk said it has asked the company to identify its custodians or provide wallet addresses or a custodian attestation.

Our earlier report on the Bank of England’s push for “bare metal” recovery planning explained why regulators want banks to be able to restore core services even if primary systems are compromised. We noted that AI is raising the scale and complexity of cyber attacks, prompting supervisors to demand deeper operational resilience and independent recovery options for critical infrastructure.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.