--- title: "Nasdaq-listed Next Technology authorizes sale of up to $450 million in bitcoin" description: "Next Technology Holding authorized the sale of or loans against up to $450 million of its bitcoin, CoinDesk reported, citing exchange security risks after…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-nasdaq-listed-company-may-sell-a1c33b89c765d1" published: 2026-10-31T12:51:57.000Z updated: 2026-10-31T13:52:02.000Z indexable: true --- # Nasdaq-listed Next Technology authorizes sale of up to $450 million in bitcoin Next Technology Holding authorized the sale of or loans against up to $450 million of its bitcoin, CoinDesk reported, citing exchange security risks after… Attributed sources: [CoinDesk]() ## Key facts Next Technology Holding authorized the sale of or loans against up to $450 million of its bitcoin, CoinDesk reported, citing exchange security risks after the Binance hack and quantum computing concerns. The Nasdaq-listed company holds 5,833 BTC and says none of the coins are held at Binance. Evidence strength: Single source, 1 publisher group(s) (CoinDesk). After site detection, observed returns were 5 minutes: -0.02% (Oct 31, 2026, 12:51 → Oct 31, 2026, 12:56, UTC; Gate · USDT); 1 hour: +0.04% (Oct 31, 2026, 12:51 → Oct 31, 2026, 13:51, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff Oct 31, 2026, 12:51, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.02% | -0.02% | 0.00 pts | Oct 31, 2026, 12:51 → Oct 31, 2026, 12:56 | Gate · USDT | | 1 hour | +0.04% | +0.04% | 0.00 pts | Oct 31, 2026, 12:51 → Oct 31, 2026, 13:51 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Oct 31, 2026, 12:51 | ## Claims and open questions - CoinDesk reported that Next Technology Holding authorized sales or loans against its bitcoin, citing exchange security and quantum computing risks. - According to CoinDesk, the company holds 5,833 BTC and says none of the coins are held at Binance. - What share of the 5,833 BTC the $450 million authorization corresponds to, and whether any sale has been executed, would be confirmed by a company filing or official statement. - Which exchanges or counterparties would hold the coins under a loan arrangement would be shown in a company disclosure. ## Source evidence - [A Nasdaq-listed company may sell $450 million bitcoin, citing Binance hack and quantum fears]() — CoinDesk; published Oct 31, 2026, 12:49; received Oct 31, 2026, 12:51 (UTC). ## Recent BTC events and market reactions - [Strive CEO says Binance hack hasn't changed his long-term Bitcoin case]() — Published Oct 31, 2026, 15:26 (UTC) · Single source (1 publisher) · Security · 5m +0.09% / 1h +0.13% - [Wall Street analysts call Binance hack a buying opportunity for crypto stocks]() — Published Oct 30, 2026, 20:06 (UTC) · Single source (1 publisher) · Security · 5m +0.06% / 1h -0.35% - [Binance confirms record $6.4 billion hack as Bitcoin holds steadier than in 2018]() — Published Oct 30, 2026, 18:45 (UTC) · Single source (1 publisher) · Security · 5m -0.13% / 1h +0.13% - [SEC charges two companies over $130 million crypto investment scheme]() — Published Oct 30, 2026, 14:38 (UTC) · Single source (1 publisher) · Regulation · 5m +0.00% / 1h +0.78% / 24h +0.70% - [Analysts keep buy ratings on Strategy after preferred-stock changes]() — Published Oct 30, 2026, 14:30 (UTC) · Single source (1 publisher) · General news · 5m +0.21% / 1h +0.79% / 24h +0.86% - [Full coin archive]() ## Research for this archive - [Crypto hacks and price impact: Bybit and Cetus case studies]() - [Why is crypto moving? How to check the evidence behind a price explanation]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()