Next Technology Holding may sell $450M in Bitcoin after Binance hack
Photo: Crypto Briefing
The Nasdaq-listed firm, valued at about $8 million, cited exchange security and quantum computing risks in authorizing sales or loans against its 5,833 BTC A Nasdaq-listed company valued at roughly $8 million says it may part with Bitcoin worth about $450 million. That is a stock trading for a sliver of the coins it claims to hold. Next Technology Holding Inc. (NASDAQ: NXTT) says its board has authorized selling or borrowing against its entire stash of 5,833 BTC. The trigger was the security breach at Binance, which pushed the board to rethink the risks of holding crypto at all.
Also reported by CoinTurk News.
Source: Crypto Briefing
