Next Technology Authorizes Sale or Pledge of 5,833 Bitcoin Worth $450 Million

Next Technology Holding Inc. has authorized the potential sale or loan pledging of its entire treasury reserve of approximately 5,833 Bitcoin, currently valued between $449 million and $480 million. Effective October 30, 2026, the board granted CEO Weihong Liu full discretion over execution methods, timing, and tranches. The decision follows a reported $6.3 billion hot wallet breach at Binance, alongside board concerns over centralized exchange vulnerabilities and quantum computing risks to cryptography. Next Technology clarified that none of its Bitcoin is held on Binance, with assets secured by an institutional custodian in Japan.