China’s Biggest Bitcoin Treasury Firm Plans $500M Stock Sale To Buy More Crypto
Next Technology Holding (NASDAQ: NXTT) mentioned it filed for a shelf registration that may let the corporate provide as much as $500 million of frequent inventory, and experiences say a few of the cash could possibly be used to purchase extra Bitcoin. According to the submitting, the transfer provides the corporate flexibility to boost money over time.
Company Plans And Holdings
Based on experiences and regulatory filings, Next Technology information present it holds 5,833 BTC. The firm’s March 2025 10-Q lists a e-book worth for its Bitcoin holdings of roughly $480 million.
The shelf registration itself doesn’t power an instantaneous sale of shares, nevertheless it does permit NXTT to promote inventory when administration chooses and market circumstances look proper.
Investors Reacted Quickly To Past Moves
NXTT’s technique of utilizing company money to construct a Bitcoin treasury has moved its share value earlier than. When the corporate disclosed giant purchases earlier this 12 months — together with a purchase of 5,000 BTC that was reported in filings — the inventory skilled sharp swings.
Some merchants see new share gross sales tied to Bitcoin buys as a solution to speed up the corporate’s asset-growth plan, whereas different shareholders warn about dilution if a big providing is accomplished.
Regulatory And Funding Details
According to the paperwork from the Securities and Exchange Commission, the registration seems to be an ordinary S-3 shelf submitting.
A shelf lets a agency register securities upfront after which promote them in a number of choices with out repeating the complete registration course of every time.
What It Could Mean For Bitcoin Prices
If Next Technology had been to promote shares and use the proceeds to purchase extra BTC, the corporate’s purchases might add to demand within the spot market.
That mentioned, the dimensions issues. At 5,833 BTC on the books now, a follow-on purchase funded by fairness could possibly be significant however would nonetheless be a small fraction of each day world buying and selling volumes.
Analysts say market strikes rely upon timing, the dimensions of any purchase, and whether or not different giant holders act on the similar time.
Based on the submitting language, Next Technology can transfer slowly or act quick — it will likely be as much as administration. Risks embody share dilution, value volatility for NXTT inventory, and the mechanics of custody and accounting for extra Bitcoin. Any plan to spend capital on crypto might be judged by buyers towards these trade-offs.
Featured picture from Anne Connelly – Medium, chart from TradingView
