Next Technology Holding Inc. Announces Board Authorization to Sell or Pledge of Bitcoin Holdings to Reduce Bitcoin Exposure and Enhance Liquidity

CHEYENNE, WY, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Next Technology Holding Inc. (NASDAQ: NXTT) (the “Company”), a technology company focused on AI-powered software development and digital asset management, today announced that its Board of Directors (the “Board”) unanimously approved, by written consent effective October 30, 2026, the sale or pledging of the Company’s Bitcoin holdings in one or more tranches. As of October 30, 2026, the Company held approximately 5,833 Bitcoin. The Board determined that a timely adjustment of the Company’s digital asset position is in the best interests of the Company and its stockholders, with the aim of reducing risk exposure and enhancing liquidity.

The Board’s action followed its review of the security incident recently reported by Binance. The Board also considered that, in its view, international hacker attacks, exchange security vulnerabilities and emerging technological threats—including but not limited to the potential cryptographic impact of quantum computing—have increased the custody and market risks associated with the Company’s Bitcoin holdings. None of the Company’s Bitcoin is held on or through Binance.