Bitcoin (BTC) Treasury Firm NXTT May Sell $450M After Binance Hack

By Nodora News · 1 November 2026 · Updated 1 November

Nasdaq-listed Next Technology Holding may sell or pledge its 5,833 Bitcoin (BTC), worth about $450M, citing the Binance hack and quantum computing risk.

Bitcoin (BTC) treasury company Next Technology Holding (NASDAQ: NXTT) says its board has approved selling or borrowing against all of its roughly 5,833 BTC, a stash worth about $452 million at current prices. The company announced the decision after the US market close on Friday, Oct. 30, citing the record Binance hack, weak spots in exchange security and the long-term threat quantum computing could pose to Bitcoin's cryptography.

Key takeaways

• Next Technology's board approved the sale or pledging of its Bitcoin holdings in one or more tranches, effective Oct. 30, 2026.
• The company holds about 5,833 BTC, worth roughly $452 million at an OKX price near $77,500.
• None of its Bitcoin is held on or through Binance, the company says.
• The CEO decides timing, price and size, and there is no guarantee any sale or loan will happen.
• The holdings are worth more than 50 times the company's stock market value of about $7.8 million, according to CoinDesk.

What Did Next Technology Holding Announce?

In a press release distributed through GlobeNewswire, Next Technology said its board unanimously approved, by written consent, the "sale or pledging" of its Bitcoin in one or more tranches starting on Oct. 30.

The approval allows three routes:

• Direct sales on cryptocurrency exchanges.
• Block trades, meaning large private sales to specific buyers, which usually avoid pushing the public market price around.
• Pledging, where the company keeps its coins but uses them as collateral for a loan.

Chief Executive Weihong Liu has authority to choose the timing, price, volume and schedule of any deals, and to negotiate agreements with buyers or lenders. The company stressed that there is "no assurance" about the timing, amount, price or completion of any sale or pledge.

Why Is the Company Reducing Its Bitcoin Exposure?

The board said it acted after reviewing the security incident at Binance, where hackers drained about $6.3 billion from the exchange's hot wallets on Oct. 29. You can read our full coverage of the Binance hack.

The company was careful to say none of its own coins sat on Binance. Instead, it framed the decision around broader risks: international hacking, exchange vulnerabilities and "emerging technological threats," including the possibility that future quantum computers could break the cryptography that protects Bitcoin wallets. Quantum risk is a long-running debate in the Bitcoin community. Today's quantum machines cannot do this, but some investors now treat it as a long-term risk to plan for.

The board said reducing its Bitcoin position should lower risk and improve liquidity, meaning more cash on hand. The company describes itself as an AI-powered software developer with a "dual-engine" strategy of AI plus digital assets.

The Numbers Behind the NXTT Bitcoin Holdings

Next Technology became one of the larger listed Bitcoin holders through a share deal in March 2025:

• 5,000 BTC came from that transaction, paid for with shares, warrants and a cash prepayment.
• Total consideration was about $158.1 million, or roughly $31,600 per coin, according to CoinDesk and PANews.
• 5,833 BTC is the company's total holding, the same figure it reported in SEC filings for both Dec. 31, 2025 and June 30, 2026.
• About $452 million is what 5,833 BTC is worth at around $77,500 per coin.

The gap with the company's share price is unusual. NXTT closed Friday at $5.30. CoinDesk calculates that its roughly 1.47 million outstanding shares are worth about $7.8 million, so its reported Bitcoin is worth more than 50 times its equity value.

The company's filings say substantially all of the coins are held with Japanese institutional custodians, and it has not published wallet addresses that would let outsiders verify the holdings on-chain.

Bitcoin (BTC) Price Reaction

The announcement has not moved the market so far. Prices on OKX at about 14:50 UTC on Oct. 31:

• BTC: about $77,500, up roughly 0.6% in 24 hours
• ETH: about $2,252, up roughly 0.7%

For context, 5,833 BTC is a meaningful block for one company, but small next to Bitcoin's daily trading volume. If the company uses block trades or a Bitcoin-backed loan rather than open-market selling, the direct price impact could be limited. Track live prices on Nodora Charts.

What to Watch Next

• Whether any coins actually move. The board has only authorized a sale or pledge. Watch for SEC filings or company updates confirming completed tranches.
• Sale or loan. Pledging would keep the Bitcoin on the balance sheet, while a sale would shrink it. The choice will matter for the stock.
• Other treasury companies. Corporate Bitcoin holders have mostly been buyers. Watch whether others cite the Binance hack or quantum risk to trim positions.
• Binance withdrawals. Binance has said it aims to restart withdrawals in stages from Sunday, Nov. 1. A smooth reopening could calm wider custody worries.

Spot Bitcoin ETFs also saw heavy selling after the hack, as we covered in Bitcoin ETFs lose $643M in a day.

This article is for information only and is not financial advice.

#Bitcoin #NXTT #Bitcoin Treasury #Binance Hack #Quantum Computing

This article is general information, not financial advice.