Next Technology Holding Inc. Announces Board Authorization to Sell or Pledge of Bitcoin Holdings to Reduce Bitcoin Exposure and Enhance Liquidity

The authorization provides options to raise cash through Bitcoin sales or use the holdings as financing collateral.

Rhea-AI Summary

Next Technology Holding (NASDAQ: NXTT) authorized sales or pledges of its Bitcoin holdings through a unanimous board consent effective October 30, 2026. The company held approximately 5,833 Bitcoin as of that date.

The authorization permits transactions in one or more tranches beginning on the consent’s effective date. The company aims to reduce Bitcoin risk exposure and enhance liquidity. Its chief executive can determine sale timing, price, volume and tranche schedules and negotiate block trades or financing secured by Bitcoin. The action is an authorization, not a completed sale or pledge.

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• Moderate pointBoard authorization permits Bitcoin sales or pledges, aimed at reducing risk exposure and enhancing liquidity.

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• None.

Key Figures

Bitcoin holdings: Approximately 5,833 Bitcoin Authorization effective date: October 30, 2026

Bitcoin holdings

Approximately 5,833 Bitcoin

Holdings as of October 30, 2026

Authorization effective date

October 30, 2026

Written consent effective; transactions may commence

Key Terms

block trades, margin calls, forward-looking statements, saas, +1 more

5 terms

block trades financial

"block trades with specific purchasers"

A block trade is a single, large buy or sell of shares or bonds arranged privately between big traders rather than piecemeal on the public market. Think of it like buying a whole shipment at once instead of many small shopping trips; it lets large holders move big positions with less immediate disruption but can signal strong buying or selling pressure and cause price swings once the trade is known, so investors watch block trades for clues about market sentiment and liquidity.

margin calls financial

"collateral requirements, margin calls and the risk of forced liquidation"

An instruction from a broker requiring an investor who borrowed money to buy securities to add cash or sell holdings because the value of their collateral fell. Think of it like a lender calling to demand more collateral or repayment when a financed purchase loses value; failing to comply can lead the broker to sell assets to cover the loan. It matters because margin calls can force losses, limit flexibility, and accelerate portfolio declines during market swings.

forward-looking statements regulatory

"The Company undertakes no obligation to update forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

saas technical

"AI-enabled SaaS software design, development and implementation"

SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.

quantum computing technical

"the potential cryptographic impact of quantum computing"

Quantum computing is a type of advanced technology that uses the principles of quantum physics to perform calculations much faster than traditional computers. It can process vast amounts of information simultaneously, potentially solving complex problems that are currently impossible or take too long with regular computers. For investors, this technology could lead to breakthroughs in areas like cryptography, data analysis, and optimization, impacting financial markets and security systems.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHEYENNE, WY, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Next Technology Holding Inc. (NASDAQ: NXTT) (the “Company”), a technology company focused on AI-powered software development and digital asset management, today announced that its Board of Directors (the “Board”) unanimously approved, by written consent effective October 30, 2026, the sale or pledging of the Company’s Bitcoin holdings in one or more tranches. As of October 30, 2026, the Company held approximately 5,833 Bitcoin. The Board determined that a timely adjustment of the Company’s digital asset position is in the best interests of the Company and its stockholders, with the aim of reducing risk exposure and enhancing liquidity.

The Board’s action followed its review of the security incident recently reported by Binance. The Board also considered that, in its view, international hacker attacks, exchange security vulnerabilities and emerging technological threats—including but not limited to the potential cryptographic impact of quantum computing—have increased the custody and market risks associated with the Company’s Bitcoin holdings. None of the Company’s Bitcoin is held on or through Binance.

The resolutions approve the sale or pledging of the Company’s Bitcoin holdings in one or more tranches commencing on the effective date of the consent. Such transactions may be effected through one or more of the following methods: (i) direct sales on cryptocurrency exchanges; (ii) block trades with specific purchasers; and (iii) Bitcoin pledging arrangements for financing purposes, as an alternative or supplement to liquidity management.

The Board authorized the Chief Executive Officer to determine the timing, price, volume and tranche schedule of sales; to negotiate and execute agreements, documents and instructions with potential purchasers or counterparties in connection with block trades or pledging financings; and to take all actions necessary or advisable to consummate such transactions. The Chief Executive Officer may delegate such authority to senior officers in writing.

The resolutions further authorize each officer and director of the Company, severally, to take further actions and to execute, deliver or cause to be executed and delivered any further documents, notices, instruments, certificates or agreements as such officer or director may deem necessary or desirable to carry out the transactions contemplated by the resolutions, subject to the prior approval of the Chief Executive Officer or the Board. The written consent is effective as of October 30, 2026.

The Company remains focused on its dual-engine strategy of “AI plus digital assets.” Next Technology Holding Inc. was incorporated in Wyoming on March 28, 2019, and delivers AI-enabled SaaS software design, development and implementation to industrial clients across the Asia-Pacific region and beyond. The Company’s digital asset holdings, including Bitcoin, may be pledged for financing or liquidated for cash. There can be no assurance as to the timing, amount, price or completion of any sale or pledging transaction, or that any financing will be secured.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Factors that could cause actual results to differ materially include, among others: the volatility of the price of Bitcoin; the timing, pricing and volume of any sale of the Company’s Bitcoin, and the market liquidity and potential price impact of such sales; the availability and terms of any financing secured by the Company’s Bitcoin, including collateral requirements, margin calls and the risk of forced liquidation; counterparty, exchange and custody risks, including security breaches and cyberattacks; the tax and accounting consequences of any sale or pledge; changes in the regulation of digital assets; and the Company’s ability to execute its business strategy following any such transactions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Investors are encouraged to review other factors that may affect its future results in the Company’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q and its other filings with the U.S. Securities and Exchange Commission.

For investor inquiries, please contact: ir@nxtttech.com 

For general inquiries, please contact: contact@nxtttech.com 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Next Technology Holding authorize for its Bitcoin holdings?

The board authorized sales or pledges of Bitcoin holdings in one or more tranches beginning October 30, 2026. Next Technology Holding held approximately 5,833 Bitcoin as of that date. The authorization does not establish that a transaction has been completed.

How can Next Technology Holding sell or pledge its Bitcoin?

Authorized methods include direct cryptocurrency-exchange sales, block trades with specific purchasers, and Bitcoin pledging arrangements for financing. Pledging may serve as an alternative or supplement to liquidity management.