Odaily News Next Technology Holding Inc surged 740% to $2.7 on Friday afternoon as the company increased its holdings of Bitcoin significantly in Q1.
According to 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 increase is mainly related to a major cryptocurrency acquisition executed in March, which was financed through the issuance of shares and warrants.
Next Technology, whose business focuses on software development and bitcoin investments, also reported first-quarter net income of $193.4 million, almost entirely from unrealized gains on digital assets.