China's largest corporate holder, Next Technology Holding, plans to raise $500 million through a public offering of common stock, aiming to further increase its Bitcoin holdings and push the total above 8,000 BTC.

Currently, this company holds 5,833 BTC (approximately $670 million), ranking 15th globally in corporate Bitcoin holdings, surpassing companies like KindlyMD, Semler Scientific, and GameStop. If half of this fundraising is invested in Bitcoin, it is expected to add about 2,170 BTC, which would securely place it among the top ten corporate holders globally.

Next Technology has not set a fixed goal for buying cryptocurrency and will adjust the buying pace dynamically based on market conditions. After initially purchasing 833 BTC at the end of 2023, the company increased its holdings by 5,000 BTC by the end of March 2024, with an average purchase price of approximately $31,386. Based on the current price of $115,000, the unrealized profit exceeds 266%.

This action demonstrates that an increasing number of listed companies are treating Bitcoin as a strategic asset, steadily accumulating assets through capital market tools such as issuing new shares and convertible bonds. By 2025, nearly 190 listed companies are expected to hold Bitcoin, with a total exceeding 1 million coins, accounting for more than 5% of the total Bitcoin supply.

It is worth mentioning that the largest Bitcoin-holding company globally, Strategy, owns over 630,000 BTC, far surpassing Next Technology. The second-largest mining company, MARA, holds more than 50,000 coins, while the third, XXI, has accumulated over 40,000. Other companies, including Bullish, Metaplanet, Riot Platforms, and others, are also actively increasing their holdings.

This wave of buying from institutions and enterprises suggests that Bitcoin supply may face ongoing pressures, and future prices are expected to strengthen further. As more companies join the ranks of Bitcoin holders, the institutionalization and compliance of Bitcoin continue to improve, making it an important part of global asset allocation.

In short, the substantial increase initiated by Next Technology is clear evidence of the growing activity of Chinese companies in the global Bitcoin investment landscape, signaling a strong recognition of Bitcoin as a store of value.

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