Are Corporate Bitcoin Treasuries Risking Shareholder Value in the Long Run?

Next Technology Holding’s stock, NXTT, saw small losses after the firm announced its plans to raise $500 million to acquire additional Bitcoin (BTC) and for other corporate purposes. It’s not the only Bitcoin treasury firm under pressure. KindlyMD’s NAKA stock dropped more than 55% after the CEO cautioned investors about an expected increase in ‘share price volatility. ’ Next Tech Holding Plans $500 Million Offering, Shares Fall  In a Form S-3 filing with the US Securities and Exchange Commission, the firm disclosed plans to sell up to $500 million in common stock through one or more offerings source: https://beincrypto.com/nxtt-naka-stocks-bitcoin-treasury-losses/