China’s Biggest Bitcoin Treasury Firm Plans $500M Stock Sale To Buy More Crypto

Next Technology Holding (NASDAQ: NXTT) said it filed for a shelf registration that would let the company offer up to $500 million of common stock, and reports say some of the money could be used to buy more ￰0￱ to the filing, the move gives the company flexibility to raise cash over ￰1￱ Plans And Holdings Based on reports and regulatory filings , Next Technology records show it holds 5,833 ￰2￱ company’s March 2025 10-Q lists a book value for its Bitcoin holdings of roughly $480 ￰3￱ shelf registration itself does not force an immediate sale of shares, but it does allow NXTT to sell stock when management chooses and market conditions look ￰4￱ Reacted Quickly To Past Moves NXTT’s strategy of using corporate cash to build a Bitcoin treasury has moved its share price ￰5￱ the company disclosed large purchases earlier this year — including a buy of 5,000 BTC that was reported in filings — the stock experienced sharp ￰6￱ traders see new share sales tied to Bitcoin buys as a way to accelerate the company’s asset-growth plan, while other shareholders warn about dilution if a large offering is ￰7￱ And Funding Details According to the documents from the Securities and Exchange Commission, the registration appears to be a standard S-3 shelf filing.

A shelf lets a firm register securities in advance and then sell them in one or more offerings without repeating the full registration process each ￰8￱ It Could Mean For Bitcoin Prices If Next Technology were to sell shares and use the proceeds to buy more BTC, the company’s purchases could add to demand in the spot ￰9￱ said, the scale ￰10￱ 5,833 BTC on the books now, a follow-on buy funded by equity could be meaningful but would still be a small fraction of daily global trading ￰11￱ say market moves depend on timing, the size of any buy, and whether other large holders act at the same ￰12￱ on the filing language, Next Technology can move slowly or act fast — it will be up to ￰13￱ include share dilution, price volatility for NXTT stock, and the mechanics of custody and accounting for additional ￰14￱ plan to spend capital on crypto will be judged by investors against those ￰15￱ image from Anne Connelly – Medium, chart from TradingView