US stocks Next Technology soar over 700% due to a significant increase in Bitcoin holdings in Q1
【US stocks Next Technology soar over 700% due to a significant increase in Bitcoin holdings in Q1】On May 10, news reported that US stock Next Technology Holding Inc surged 740% to $2.7 on Friday afternoon, due to the company significantly increasing its Bitcoin holdings in Q1.
According to information released by the company, as of March 31, 2025, it held 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 primarily related to a major cryptocurrency acquisition executed in March, financed through the issuance of stocks and warrants.
Next Technology focuses 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 in digital assets.
