The board of directors of Nasdaq-listed Next Technology Holding (NXTT) unanimously approved a resolution authorizing the sale or pledging of approximately 5,833 bitcoins held by the company. The CEO has been granted authority to dispose of the holdings in batches or use them as collateral for financing purposes.
The company stated that the move aims to reduce risks associated with holding bitcoin and improve overall liquidity. The specific quantity and timing of any sales have not been determined, and the resolution does not necessarily mean all of its bitcoin holdings will be sold. The resolution took effect on October 30.
Nasdaq-Listed Next Technology Authorizes Sale or Pledge of 5,833 BTC to Improve Liquidity
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