Next Technology Holding has authorized the sale or pledging of its approximately 5,833 BTC after Binance's security incident. None of the company's bitcoin sat at Binance, and it disclosed no completed sale. The board cited hacking threats, exchange vulnerabilities and quantum computing.
Next Technology Holding's board unanimously approved selling or pledging its bitcoin holdings in one or more tranches on Oct. 30, 2026. The Nasdaq-listed company held approximately 5,833 BTC as of that date, and its position ranked 18th among publicly traded corporate bitcoin holders at press time.
Binance incident prompts a treasury rethink
The board's decision followed its examination of Binance's recent security incident. Yet Next Technology said none of its bitcoin was held through Binance, and the company wasn't reporting a direct loss.
Instead, the board cited international hacking campaigns, exchange vulnerabilities and emerging threats such as quantum computing as reasons to reduce exposure and improve liquidity. Bitcoin.com News also reports that no existing quantum computer can break Bitcoin's signature cryptography, but researchers are investigating how future machines might derive private keys from exposed public keys.
Authorization is not a sale order
The authorization does not mean all 5,833 coins are headed for the exits. Management can sell bitcoin through exchanges, arrange private block trades or pledge the assets as collateral for financing. The board gave its CEO authority over transaction timing, pricing and volume.
Pledging would let the company obtain liquidity without necessarily disposing of its holdings, although collateral arrangements carry their own financial risks. Outright sales would reduce its direct exposure to bitcoin price movements.
The company cautioned that there is no guarantee regarding the timing, size or completion of any transaction. Next Technology's release says the resolutions approve the sale or pledging of the bitcoin "in one or more tranches commencing on the effective date of the consent".
Source: Bitcoin News
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