China’s NEXT Technology Targets $500M Bitcoin Treasury Acquisition in Bold Crypto Move

NEXT Technology makes power play—allocating half-billion to Bitcoin reserves.

The Strategy Shift

Ditching traditional treasury management, the Chinese tech firm's massive $500 million Bitcoin pivot signals corporate confidence in digital assets over fiat. They're not just dipping toes—they're diving headfirst into crypto waters.

Market Implications

This move could trigger copycat strategies across Asian tech sectors. Suddenly, holding cash reserves looks almost... traditional. Guess someone didn't get the memo about 'safe' bond investments.

Because nothing says financial prudence like betting half a billion on an asset that swings 20% before breakfast.

Corporate Bitcoin treasury bets gain traction in China

The software company’s strong bid on Bitcoin is part of a growing wave in China. This comes despite local restrictions, where crypto trading and related commercial activity have been officially banned since 2021.

Still, a number of Chinese-linked companies are quietly joining the ranks of major corporate Bitcoin holders by operating through offshore entities or Hong Kong listings, which allow them to stay within legal boundaries while still participating in the market.

At least five China-affiliated firms now appear in the top 100 Bitcoin holder list alongside Next Technology itself, including firms like Cango with about 5,400 BTC, and Nano Labs with roughly 1,000 BTC. This fits into a wider movement of public companies steadily adding Bitcoin to their balance sheets, with multiple entities now holding about 1.01 million BTC collectively. 

Several of these firms have continued doubling down on their Bitcoin treasury strategies with fresh accumulation. The OG corporate BTC company, Strategy (formerly MicroStrategy), disclosed three fresh purchases this month totaling roughly 6,528 BTC, lifting its holdings to around 639,000 BTC, while MARA Holdings recently confirmed it controls more than 52,000 BTC, now the second-largest stash among public firms.