Next Technology Eyes $500M Raise for More Bitcoin

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China’s largest corporate Bitcoin treasury firm, Next Technology Holding (NXTT), has filed to sell up to $500M of common stock.

The Nasdaq-listed company said proceeds will go toward “general corporate purposes, including, but not limited to, the acquisition of Bitcoin.”

Next Technology currently holds 5,833 BTC ($671.8M), ranking 15th among global corporate treasuries. At current prices, even allocating half the offering to Bitcoin could push its holdings above 8,000 BTC.

This move follows a wider trend of public companies turning to equity and debt financing to grow their Bitcoin reserves.

[Maxwell]

Next Technology raising $500M for potential Bitcoin purchases shows how corporate treasuries are doubling down on crypto as a strategic asset.

[Nahiar806]

If even half of this raise goes into Bitcoin, their holdings could top 8,000 BTC — that would cement their spot among the top global corporate holders.

[rafihasan]

This continues the trend of public companies using equity and debt to expand crypto reserves, signaling confidence in Bitcoin’s long-term value.