September 18, 2025
By Anjali Kochhar
Next Technology Holding, China’s biggest publicly traded company owning Bitcoin, has announced plans to sell up to US$500 million in common stock. The proceeds will be used to purchase more Bitcoin and support its corporate operations.
Currently, the company holds 5,833 BTC, worth around US$671.8 million, placing it among the top 20 corporate Bitcoin treasury holders worldwide. If a large portion of the new funds is directed toward fresh Bitcoin purchases, its holdings could cross 8,000 BTC.
In a filing with the U.S. Securities and Exchange Commission, Next Technology stated that the net proceeds from the stock sale would be used for general corporate purposes, including the acquisition of Bitcoin. However, the company clarified that it has not set a fixed target for Bitcoin accumulation. Instead, it will assess market conditions before making additional purchases.
This move aligns with a broader trend of public companies viewing Bitcoin as a strategic reserve asset. Data shows that the number of publicly listed firms holding Bitcoin has nearly doubled in 2025. Collectively, these companies now hold more than 1 million BTC, accounting for over 5 percent of the total Bitcoin supply.
Despite the long-term vision, Next Technology’s stock price reacted negatively in the short term. Its shares, trading under the ticker NXTT, fell about 4.76 percent during regular trading on the day of the filing. They dropped another 7.43 percent in after-hours trading. Still, the company remains in a strong position as much of its Bitcoin was acquired at significantly lower prices.
Next Technology’s purchase history includes 833 BTC in December 2023, followed by an additional 5,000 BTC in March 2025 at an average cost of US$31,386 per Bitcoin. With Bitcoin trading near US$115,000 in September 2025, the company is sitting on paper gains of more than 266 percent.
Although the firm has not disclosed a long-term target for its Bitcoin reserves, its latest move underscores growing confidence among global corporations in holding digital assets on their balance sheets. As more companies adopt this approach, analysts believe corporate demand could put further upward pressure on Bitcoin’s limited supply, shaping the future of the cryptocurrency market.
About the author
Anjali Kochhar covers cryptocurrency and blockchain stories in India as well as globally. Having been in the field of media and journalism for over four years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.
