Next Technology will implement a 200-for-1 reverse stock split and acquired 5,000 Bitcoins in the first half of the year.

Next Technology Holding Inc. (NASDAQ: NXTT) announced a 200-for-1 reverse stock split on September 16th, reducing the company's outstanding shares from approximately 566 million to approximately 2.83 million. The shares will trade on Nasdaq under the new CUSIP number 961884301 at an adjusted price, with no fractional shares issued. The company's authorized share capital and par value remain unchanged, and shareholders do not need to take any action; the changes will be automatically reflected in their accounts. Last month, Next Technology Holding Inc. released its quarterly report, reporting net revenue of $312 million in the first half of 2025, a 2,373% year-over-year increase, primarily driven by fair value gains on digital assets. The company's Bitcoin holdings increased from 833 at the end of last year to 5,833, with the company acquiring 5,000 Bitcoins during the period through share issuance and cash payments. As of June 30th, the company had approximately $633 million in cash and digital assets.