Next Technology plans to sell 5,833 BTC after Binance hack
Image: Bitcoin.com NewsNext Technology Holding, a Nasdaq-listed firm, announced its board approved selling or pledging its roughly 5,833 Bitcoin. The move follows the recent Binance security breach and worries about quantum computing threats. The company holds the 18th‑largest corporate Bitcoin treasury and does not keep any of its BTC on Binance. Sales could occur in tranches via exchanges, private block trades, or as collateral.
Key points
- Next Technology Holding's board authorized selling or pledging its approximately 5,833 BTC.
- The firm holds the 18th‑largest publicly traded corporate Bitcoin treasury.
- The decision was driven by the Binance hack and concerns about quantum computing risks.
- None of the company's Bitcoin is stored on Binance.
- Sales could be executed through exchanges, over‑the‑counter block trades, or by pledging BTC as collateral.
Why it matters
The move highlights heightened corporate caution after a major exchange breach, potentially affecting Bitcoin demand and market liquidity. It also signals that quantum‑computing concerns are influencing treasury strategies.
What's unclear
The exact timeline for any BTC sales or pledges has not been disclosed.
It remains unclear whether the company will ultimately sell, pledge, or use a combination of both methods.
Price context · BTC
At publication
$77,525.00
Now
$77,458.00
Change since
−0.09%
7 days · dashed line = publication
Sources · 2 publishers
Bitcoin.com News
Tier 2
Binance Hack Jolts Bitcoin Treasury Firm Into Weighing BTC Sales
Coverage timeline
- First reported by CoinGape
- Also reported by Bitcoin.com News
- CryptoVideos brief published
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