Odaily Planet Daily News Next Technology Holding Inc. surged 740% to $2.7 on Friday afternoon as the company increased its holdings of Bitcoin in Q1.
According to information released by the company, as of March 31, 2025, it held approximately 5,833 Bitcoins with a book value of $481.7 million, compared with only 833 Bitcoins at the end of 2024. The increase was mainly related to a major cryptocurrency acquisition executed in March, which was financed by issuing shares and warrants.
Next Technology, whose business focuses on software development and Bitcoin investment, also reported a first-quarter net income of $193.4 million, almost all of which came from unrealized gains on digital assets.