Chinese Firm Next Technology Selling $500M Stock To Buy Bitcoin

Next Technology is clearly doubling down on Bitcoin in a way that’s hard to ignore. The company plans to sell $500 million in stock to expand its Bitcoin holdings, which already stand at 5,833 BTC worth about $672 million. That’s a 277% gain on their average purchase price of $31,386 per Bitcoin. Of course, the scale matters: this isn’t just a tech firm dabbling in crypto gains. It’s positioning itself as a Bitcoin treasury firm, with cryptocurrency assets already representing roughly 62% of its market capitalization. If the stock sale goes through like they hope, the company could end up holding over 8,000 BTC. That’s a big deal and could shake up where they sit in the corporate Bitcoin rankings. Right now, Bitcoin is trading around $115,700. So, for market moves and for their potential fiscal 2026 reports, it might be a good move.

Next Technology Expands Bitcoin Holdings 

Next Technology is expanding its Bitcoin stash, and it’s kind of wild that they’re doing this from Shenzhen. China’s rules on crypto are still strict: trading, mining, and running crypto businesses are banned. At the same time, owning crypto personally isn’t completely off-limits. So, the company is operating in a tricky space, at least for now. The company is leveraging its NASDAQ listing to pursue a strategy impossible within mainland China. Clearly, this move reflects both regulatory arbitrage and a calculated risk. Loss carry and capital tax implications will be critical here, particularly as corporate Bitcoin holdings grow and fiscal 2026 approaches.

Next Technology Leads Chinese Corporate Bitcoin Adoption

Next Technology ranks 15th globally among corporate Bitcoin holders. That makes it the only Chinese company in the top tier, with holdings already dwarfing its traditional revenue streams of $1.8 million. Net income of $320 million mostly comes from crypto gains, which flips the traditional business model on its head. Over 190 new companies added Bitcoin to their balance sheets this year alone, with the top 100 companies controlling almost a million BTC worth more than $425 billion. For investors tracking market clarity and concentration, that’s a huge signal.

Even allocating half the proceeds to Bitcoin could add roughly 2,170 BTC. That’s enough to push total holdings past 8,000 BTC, further cementing Next Technology’s status as a corporate Bitcoin treasury firm. But of course, concentration risks are real. Morningstar DBRS warns that companies with high Bitcoin exposure face volatility, liquidity issues, and regulatory uncertainty. 

Global Trends Support Bitcoin Growth

Companies are using Bitcoin to hedge inflation and diversify portfolios, with firms in Japan, Canada, and beyond following the same strategy. The emergence of convertible bonds, preferred stock offerings, and equity raises shows how financing mechanisms have evolved to acquire Bitcoin without immediate dilution. Treasury departments are planning: Deloitte’s survey suggests 23% of North American CFOs expect crypto adoption within two years, rising to 40% for firms over $10 billion in revenue. Obviously, this shows growing confidence in corporate Bitcoin as a strategic asset.

Regulatory differences across jurisdictions create both opportunities and challenges. The EU’s MiCA rules are strict about reporting. In the US, Bitcoin counts as property, which changes the way taxes work. China is still very restrictive. Then you add central bank digital currencies into the mix, where it can be China’s digital yuan in particular. It could actually compete with private cryptocurrencies. For Next Technology, it’s kind of a tightrope walk. They want to grow their Bitcoin holdings, but they also have to stay compliant. That’s serious, especially when you think about loss carry rules and capital tax implications coming up for fiscal 2026. It’s not just paperwork.

Next Technology’s strategy is bold, combining traditional stock sale mechanics with Bitcoin accumulation. Crypto gains so far have been substantial, but the company’s valuation increasingly depends on Bitcoin performance rather than software revenue. Clearly, the company is betting that Bitcoin will continue to be a store of value and that market clarity will support corporate adoption in fiscal 2026.

Bitcoin investment, stock sale, crypto holdings, Treasury firm, and Next Technology appear repeatedly across filings and investor communications. For those watching corporate crypto strategies, this is a concrete example of how a company transforms from a software business into a treasury-driven Bitcoin investment vehicle.