Next Technology said its board unanimously authorized the sale or pledging of its Bitcoin holdings, but it did not announce a completed transaction. The company said it holds about 5,833 BTC and aims to reduce risk exposure and improve liquidity.
Next Technology cited a Binance hack and concerns about quantum computing as risks it considered. It said none of its Bitcoin is held through Binance. The company said it could sell Bitcoin on exchanges or to specific buyers, or pledge it for financing; CEO Weihong Liu will decide when and how to proceed.
