$500M Worth of Stock for BTC: What’s Next Technology Planning?

Group 1 - Next Technology Holding, the largest Chinese Bitcoin treasury firm, plans to sell $500 million worth of its common stock to cover general corporate expenses and purchase additional Bitcoin [1][4] - The company currently holds 5,833 BTC, with an impressive profit margin of 269%, as the average cost per BTC is $31,386, while Bitcoin is trading at $115,800 [4] - The filing with the US Securities and Exchange Commission is necessary for any publicly traded company in the US to issue more shares or make significant financial moves [3] Group 2 - The crypto market has been experiencing high volatility, with bearish momentum slightly dominating over the past month, which could impact Bitcoin prices despite the interest from Bitcoin treasuries [2] - Strategy, led by Michael Saylor, has purchased a total of 638,985 BTC at an average price of $73,914, currently seeing a 56% profit on its holdings [5]