BlockBeats News, on May 10, shares of Next Technology Holding Inc surged 740% to $2.70 on Friday afternoon, due to the company's significant increase in bitcoin holdings in Q1.
According to the information released by the company, as of March 31, 2025, it holds approximately 5,833 bitcoins, with a book value of $481.7 million, compared to only 833 bitcoins at the end of 2024. This growth is mainly related to a significant cryptocurrency acquisition executed in March, which was financed through the issuance of stock and warrants.
Next Technology's business focus is on software development and bitcoin investment, and the company also reported a net income of $193.4 million in the first quarter, almost entirely from unrealized gains on digital assets.
