Binance Hack Jolts Bitcoin Treasury Firm Into Weighing BTC Sales

Next Technology Holding, the 18th-largest publicly traded corporate bitcoin holder at press time, has authorized the sale or pledging of its approximately 5,833 BTC following Binance’s major security incident. The company’s decision reflects mounting concerns about exchange vulnerabilities, international cyberattacks, and quantum computing. Although none of its bitcoin is held at Binance, the company is preparing to reduce exposure or tap its holdings for financing. A company holding 5,833 bitcoin has decided that keeping its digital fortune intact might be a bigger gamble than selling it. Next Technology Holding, one of the world’s largest publicly traded corporate BTC holders, has authorized its executives to sell or pledge the cryptocurrency following Binance’s reported security incident. The twist? Not a single bitcoin in the company’s treasury was held at Binance.

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