Next Technology currently holds 5,833 Bitcoin, valued at approximately $672 million, making it the 15th largest Bitcoin treasury holder and surpassing several other notable companies.

If Next Technology uses half of the proceeds from its recent stock sale for Bitcoin, it could acquire an additional 2,170 BTC, potentially increasing its holdings to over 8,000 BTC.

This move is part of a broader trend where public companies are leveraging capital markets to accumulate Bitcoin, with the number of listed Bitcoin-holding firms nearly doubling in 2025 to 190, collectively holding over 1 million BTC.

Unlike some firms with specific Bitcoin targets, Next Technology has no fixed goal and plans to adjust its acquisitions based on market conditions.

The company has not set a particular target for Bitcoin holdings, choosing instead to monitor market dynamics, contrasting with other companies aiming to amass large reserves by 2027.

Next Technology will continue to monitor market conditions before making further Bitcoin purchases, without a fixed acquisition target.

Some companies, such as Japan’s Metaplanet and Semler Scientific, aim to acquire 210,000 BTC and 105,000 BTC respectively by 2027, illustrating more aggressive accumulation strategies.

Despite a decline in its share price following the announcement, Next Technology has significant unrealized gains from its Bitcoin investments, having purchased Bitcoin at an average cost of $31,386, with current prices around $115,000.

Following the news, Next Technology’s shares fell by 4.76% during trading and an additional 7.43% after hours, reflecting market reaction to its Bitcoin holdings.

Shares of Next Technology declined 4.76% on Monday and further dropped 7.43% after the announcement, despite the substantial unrealized gains on its Bitcoin holdings.