China’s Biggest Corporate Bitcoin Holder Plans $500M Stock Sale to Buy More BTC

Next Technology Holding, China’s largest public firm holding Bitcoin, plans to elevate up to $500 million by way of a standard inventory sale, with the intent to buy extra BTC and fund different company initiatives.

“We intend to use the web proceeds from the sale of any securities supplied beneath this prospectus for normal company functions, together with, however not restricted to, the acquisition of Bitcoin,” the agency said in a filing submitted to the SEC on Monday.

Next Technology Becomes Fifteenth-Largest Corporate Bitcoin Holder

Next Technology presently holds 5,833 Bitcoin value roughly $671.8 million, making it the Fifteenth-largest Bitcoin treasury globally, in accordance to BitcoinTreasuries.NET.

That locations it forward of different company holders resembling KindlyMD, Semler Scientific, and GameStop.

If the corporate allocates even half of the proceeds from this new providing to BTC, it might buy one other 2,170 Bitcoin at present costs, pushing its holdings past the 8,000 mark.

The transfer displays a broader pattern amongst public firms utilizing fairness raises, convertible notes, and different capital market instruments to accumulate Bitcoin as a strategic asset.

The variety of listed firms holding Bitcoin has almost doubled in 2025, now totaling 190 with mixed holdings exceeding 1 million BTC, over 5% of the full provide.

Shares of Next Technology (NXTT) fell 4.76% on Monday to $0.14, with a further 7.43% drop in after-hours buying and selling following the announcement, in accordance to Google Finance knowledge.

Despite the dip, the corporate has seen vital unrealized positive factors on its Bitcoin funding.

It first acquired 833 Bitcoin in December 2023 and adopted up with a 5,000 BTC buy in late March, averaging a price foundation of $31,386.

With BTC presently buying and selling round $115,000, Next Technology is sitting on a paper achieve of over 266%.

Unlike companies resembling Japan’s Metaplanet and the US-based Semler Scientific, which have set formidable Bitcoin accumulation targets, Next Technology stated it has no mounted BTC objective, and can “monitor market circumstances” earlier than making extra purchases.

Strategy Tops Corporate Bitcoin Holdings with 636,505 BTC

Aside from Next Technology, many different company firms are additionally including BTC to their stability sheets.

Michael Saylor’s Strategy now holds 636,505 BTC, making it the biggest company holder by a large margin.

Bitcoin mining agency MARA Holdings stays in second with 52,477 BTC, after including 705 BTC in August.

But new entrants are gaining floor. XXI, based by Strike CEO Jack Mallers, has amassed 43,514 BTC, whereas the Bitcoin Standard Treasury Company holds 30,021 BTC.

Other main gamers embody crypto trade Bullish (24,000 BTC), Metaplanet (20,000 BTC), and publicly listed names like Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase.

This wave of accumulation has fueled hypothesis round a provide shock. With simply 5.2% of Bitcoin’s mounted 21 million provide left to be mined, continued company demand might drive costs even increased.

Some companies are aiming a lot increased. Japan’s Metaplanet and U.S.-based Semler Scientific have set targets of 210,000 BTC and 105,000 BTC by 2027, ten to twenty occasions their present holdings.

Outside the US, 120 public firms now maintain Bitcoin. Canada, the UK, Hong Kong, Mexico, South Africa, and Bahrain are among the many nations the place company BTC possession is rising.

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