From Yahoo Finance: 2025-05-12 10:10:00

Next Technology Holding reported in a regulatory filing that it holds 5,833 bitcoin, 5,000 of which were purchased since the end of last year. The company plans to continue acquiring bitcoin as it sees potential for appreciation in value and a hedge against inflation in the long term. Shares of Next Technology soared 661% on Friday and another 47% on Monday, reaching $3.45.

The value of Next Technology’s bitcoin portfolio as of March 31 was $481.7 million, with $183.1 million paid to purchase them. The company sees its bitcoin investment as a long-term holding and hasn’t set a specific target for the number of bitcoin it aims to hold. It will monitor market conditions to determine whether to engage in additional financings to make more purchases.

Next Technology’s news caused its shares to rise, with the recent increase in the price of bitcoin trading above $104,000. The stock moved from negative to positive territory for 2025. Healthcare provider Kindly MD also saw a 380% surge in its stock price to $18.99 after announcing a merger with Nakamoto Holdings to start a bitcoin treasury strategy. Nakamoto Holdings was founded by David Bailey, a key cryptocurrency advisor to President Donald Trump.



Read more at Yahoo Finance: Next Technology Stock Soars Again After Reporting Bitcoin Holdings