Next Technology Holding Inc. Experiences Dramatic Surge Following Bitcoin Acquisition
On May 10, 2025, Next Technology Holding Inc., a company listed on the Nasdaq and operating within the Information Technology sector, experienced a remarkable surge in its stock price. The company’s shares soared by 777%, reaching $2.7 per share. This significant increase followed the company’s strategic acquisition of approximately 5,833 Bitcoins, valued at $481.7 million as of March 31, 2025. This acquisition marked a substantial increase from the 833 Bitcoins held at the end of 2024.
The acquisition was financed through the issuance of stock and warrants, reflecting a bold move in the company’s investment strategy. Next Technology Holding Inc., primarily known for its software development services, has diversified its portfolio by investing heavily in cryptocurrencies. This strategic shift has contributed to the company’s first-quarter net revenues of $193.4 million, largely driven by unrealized gains in its digital asset holdings.
The surge in Next Technology’s stock price underscores the growing interest and viability of cryptocurrencies within the broader financial landscape. As companies increasingly explore digital asset investments, Next Technology’s significant Bitcoin holdings highlight the potential for substantial returns in the cryptocurrency market.
Coinbase CEO Reflects on Bitcoin Strategy
In a related development, Coinbase CEO Brian Armstrong discussed the company’s past considerations regarding an aggressive Bitcoin-buying strategy similar to that of Michael Saylor, the CEO of MicroStrategy. During a live Q&A session on May 9, 2025, Armstrong revealed that Coinbase had contemplated allocating a significant portion of its balance sheet to Bitcoin. However, the company ultimately decided against this approach, prioritizing financial stability over potential high returns.
Armstrong noted that such a move could have jeopardized Coinbase’s early financial stability, potentially “killing” the company. Instead, Coinbase opted for a more cautious path, holding $1.3 billion in cryptocurrencies, primarily Bitcoin, as part of its investment portfolio. This decision aligns with the company’s goal of supporting its customers rather than competing with them in the cryptocurrency market.
MicroStrategy, under Saylor’s leadership, continues to aggressively acquire Bitcoin, with recent purchases totaling over $1.42 billion for 15,355 BTC. The company’s total Bitcoin holdings now stand at 553,555 BTC, approximately 2.5% of the total Bitcoin supply. MicroStrategy expects to increase its holdings to 691,249 BTC by the end of 2025.
These developments highlight the diverse strategies companies are adopting in the cryptocurrency space, balancing risk and potential rewards in their investment decisions.