Next Technology Holding announced on October 30 that its board had authorized management to sell or pledge its Bitcoin in one or more transactions. The company reported holding approximately 5,833 BTC, but said no sale or financing agreement had been completed. It gave no assurance about the timing, price, amount or completion of any future transaction.
The options include exchange sales, negotiated block trades and pledging Bitcoin to obtain financing. Next Technology cited a recent Binance security incident and broader technological concerns in its review, while saying none of its Bitcoin was held on or through Binance.
