China’s largest Bitcoin treasury agency, Subsequent Know-how Holding, has formally confirmed that the agency may purchase extra Bitcoin after promoting $500 million value of widespread inventory to gasoline BTC and extra purchases. Subsequent Know-how at the moment holds 5,833 BTC, which might be value round $671.8 million. In line with the present holdings, Subsequent Know-how is the fifteenth largest company Bitcoin holder on the planet.

Subsequent Know-how Holding has formally confirmed this by means of a submitting to america Securities and Trade Fee. They said that they might, every now and then, in a number of choices at costs and on phrases that they may decide on the time of every providing, promote widespread inventory for an combination preliminary providing value of as much as $500,000,000.

They meant to make use of the web proceeds from the sale of any securities provided underneath that prospectus for normal company functions, together with, however not restricted to, the acquisition of Bitcoin. 

The announcement from Subsequent Know-how has triggered an preliminary sell-off within the NXTT shares. As per the most recent information from Searching for Alpha, NXTT shares fell virtually 3% on Monday’s post-market buying and selling. The Bitcoin technique of Subsequent Know-how has elevated the corporate’s threat profile and has change into a purpose for investor uncertainty, which finally led to this 3% preliminary fall off.

Subsequent Know-how’s Bitcoin Technique

Subsequent Know-how’s submitting to the SEC said that it was at the moment pursuing two company methods. One enterprise technique was to proceed offering software program improvement companies, and the opposite technique was to accumulate and maintain bitcoin.

It talked about that its bitcoin acquisition technique usually concerned buying bitcoin with its liquid belongings that exceeded working capital necessities, and every now and then, topic to market situations, issuing debt or fairness securities or partaking in different capital elevating transactions with the target of utilizing the proceeds to buy bitcoin.

Subsequent Know-how additionally reported that they considered their bitcoin holdings as being held for buying and selling and anticipated to proceed to build up bitcoin. That they had not set any particular goal for the quantity of bitcoin they sought to carry, and they might proceed to watch market situations in figuring out whether or not to have interaction in further financing to buy further bitcoin.

They added that the general technique additionally contemplated that they may (i) periodically promote bitcoin for normal company functions, together with to generate money for treasury administration or in reference to methods that generate tax advantages in accordance with relevant regulation, (ii) enter into further capital elevating transactions that have been collateralized by their bitcoin holdings, and (iii) take into account pursuing further methods to create earnings streams or in any other case generate funds utilizing their bitcoin holdings.

Subsequent Know-how has managed to change into one of many largest company holders of Bitcoin inside a brief time frame. The newest information recommend that the agency reportedly holds round 5,833 BTC, together with 5,000 current acquisitions.

They purchased the primary batch of 833 Bitcoins in December 2023, and the remainder of the 5,000 was bought on March 28, 2025. The change of curiosity and shift to BTC have boosted Subsequent Know-how’s profile and gained a major place locally. 

The current info claims that Subsequent Know-how Holding will likely be going for a month-by-month strategy of their Bitcoin technique. Cointelegraph reported that Subsequent Know-how hadn’t set a goal for the quantity of Bitcoin it sought to carry, stating within the submitting that it might monitor market situations. Inquisitive about world crypto dominance? Uncover which nation owns probably the most Bitcoin in 2025 and why it issues for the way forward for crypto.

The technique contrasted with these of Metaplanet and Semler Scientific, which had introduced plans to amass 210,000 Bitcoin and 105,000 Bitcoin — 1% and 0.5% of Bitcoin’s provide — earlier than the top of 2027.