Next Technology Holding Inc.(US:NXTT) Globenewswireยท2025-08-11 13:20Core Insights - Next Technology Holding Inc. reported strong financial performance for H1 2025, highlighting the effectiveness of its diversified business model and successful execution of software development and Bitcoin acquisition strategies [3][6]. Financial Highlights - Net income for the six months ended June 30, 2025, was $312.0 million, a 2,373% increase from $12.6 million in the same period of 2024 [6]. - Other income for the same period was $395.7 million, representing a 2,437% increase from $15.6 million in H1 2024, primarily due to a $449.0 million gain from the increase in Bitcoin's price [5][6]. - Total cash and cash equivalents combined with digital assets reached $632.7 million as of June 30, 2025, a 701% increase from $79.0 million as of December 31, 2024 [6]. Operational Highlights - The company's total Bitcoin holdings increased significantly to 5,833 Bitcoin as of June 30, 2025, compared to 833 Bitcoin as of December 31, 2024 [4]. - The company successfully acquired 5,000 Bitcoin through the issuance of shares, warrants, and cash, with Bitcoin's price surging 15.3% in the first half of 2025 [7]. Strategic Focus - The company aims to continue leveraging its expertise in software development while managing and expanding its Bitcoin holdings, viewing Bitcoin as a long-term store of value and a potential hedge against inflation [3][6].