Next Technology Holding Board Approves Sale of Up to $450M in Bitcoin After Binance Hack
Photo: TheCoinrise
The Chinese-listed firm's approval follows a security breach at Binance, raising fresh questions about corporate crypto treasury risk. Next Technology Holding has secured internal approval to potentially liquidate a large portion of its Bitcoin treasury. CryptoBriefing reported the figure at $450 million, while The Cryptonomist put the approved amount at $449 million. The small discrepancy likely reflects rounding or differing valuation snapshots rather than a disputed underlying decision. The approval comes in the wake of a hack targeting Binance, one of the world's largest cryptocurrency exchanges.
Source: TheCoinrise
