NEXT TECHNOLOGY BOARD CLEARS SALE OR PLEDGE OF ALL 5,833 BITCOIN — CEO PICKS TIMING — FILINGS NAME NO CUSTODIAN — COMPANY VALUED AT $7.8 MILLION

On October 30, 2026, after the market closed, Next Technology Holding said its board had approved selling or pledging its bitcoin, about 5,833 coins, in one or more tranches. The chief executive picks the timing, price and size. The release names the Binance hack, exchange flaws and “the potential cryptographic impact of quantum computing” as reasons, and says none of the coins are held on or through Binance.

Here is what a shareholder can check. The company’s June 30 quarterly report says it holds “substantially all” of its bitcoin “in custody accounts at Japanese based, institutional-grade custodians.” It names none of them and gives no addresses. The release gives none either. From the outside, a sale, a pledge or no move at all look the same until the next filing.

The market has already made its call. The same report shows $159.0 million in cash and $351.5 million in bitcoin on June 30, and $485.4 million in book equity. After a 100-for-1 reverse split in August, about 1.47 million shares are left. At the $5.30 close CoinDesk reported for October 30, the whole company is worth about $7.8 million, under 5% of the cash it reported on June 30 alone.

Bitcoin lets anyone prove a holding without trusting the holder: publish the addresses, or sign a message with the keys. A company that wants a block buyer or a lender to take its coins on faith has that option in every wallet it controls. Until it uses it, 5,833 is a number in a press release. At the time of this writing, bitcoin was $77,305.