Nasdaq-listed Next Technology Holding authorizes sale of 5,833 Bitcoin holdings citing security concerns

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Next Technology Holding, a Japan-based software company listed on Nasdaq, authorized the sale or use as collateral of approximately 5,833 Bitcoin in response to security concerns and the Binance incident. The authorization covers Bitcoin holdings valued at approximately 450 million dollars. The company cited the Binance attack as a primary reason for permitting disposal or pledging of its cryptocurrency reserves.