The next technology holding from China tries to expand his already extensive Bitcoin Treasury with a plan to collect up to $ 500 million through a new supply offer.
Summary
- Bitcoin Treasury Company Next Technology has files to pick up up to $ 500 million through a supply offer to expand his Bitcoin Treasury.
- The company already owns 5,833 BTC worth around $ 676 million, a profit of around 270%, much higher than $ 82 million market capitalization.
- Public companies now have around 1.01 million BTC, where leaders such as Strategy and Mara continue to add to their reserves.
Next technology that will be submitted on 15 September submitted to the US Securities and Exchange Commission to sell up to $ 500 million in ordinary shares. It stated in submitting that part of the proceeds could be used to buy extra Bitcoin for its business reserves.
The planned purchase would build on its already extensive BTC (BTC) stock, which is currently in 15th place on the worldwide list of Bitcoin of companies. The assets were purchased at an average cost of $ 31,386 per coin and are now worth around $ 676 million, which represents a profit of around 270%, according to data from Bitcoin Treasuries.
Although the company said that it has no fixed goal for the amount of Bitcoin that it intends to collect, a successful stock sale would considerably stimulate its participations, making it possible to be higher with the top holders.
The following technology also noted that it is planning to keep buying Bitcoin if opportunities arise, but can sell parts for business needs or tax strategies and use some companies as collateral for future financing.
BedrijfsBitcoin Treasury bets get a grip in China
The strong bid of the software company on Bitcoin is part of a growing wave in China. This is despite local limitations, where crypto -trade and related commercial activities have been officially prohibited since 2021.
Nevertheless, a number of Chinese-linked companies are quietly in line with the ranks of large business holders of companies by operating offshore entities or offers from Hong Kong, so that they can stay within legal limits while still participating in the market.
At least five China-Geliode companies now appear in the top 100 Bitcoin Holder list in addition to the following technology itself, including companies such as Cango with around 5,400 BTC and Nano Labs with around 1,000 BTC. This fits in a broader movement of public companies that steadily add Bitcoin to their balance sheets, with several entities now collectively have around 1.01 million BTC.
Several of these companies have continued to double on their Bitcoin Treasury strategies with new accumulation. The OG Corporate BTC Company, Strategy (formerly Micro Strategy), made public Three fresh purchases this month a total of approximately 6,528 BTC, which means that it is about 639,000 BTC, while Mara Holdings Recently confirmed It manages more than 52,000 BTC, now the second largest stock among public companies.
