Next Technology Holding Inc. (NASDAQ: NXTT) authorized its chief executive to sell or borrow against its entire holding of 5,833 BTC, valued at approximately $450 million to $480 million. The decision, made on October 30, 2026, came after the $6.3 billion Binance hot wallet security breach reported on October 29, 2026. The company says none of its Bitcoin was held through Binance, but its board cited broader concerns about exchange security and quantum computing. NXTT’s market capitalization of roughly $7 million to $8 million reflects substantial skepticism, partly because its filings identify no institutional custodian or wallet addresses that would allow investors to verify the holdings on-chain. A staggered sale or a loan against the Bitcoin could reduce market exposure, while borrowing would retain the assets on the balance sheet but introduce liquidation risk.
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