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

ChainCatcher news, according to market news, Next Technology Holding Inc. (NASDAQ: NXTT) announced a 200-for-1 reverse stock split to be implemented on September 16, reducing the company's outstanding shares from approximately 566 million to about 2.83 million.

After the split, the stock will trade on Nasdaq under the new CUSIP number 961884301 at the adjusted price, with no fractional shares created. The company's authorized capital and par value remain unchanged, and shareholders do not need to take any action; the related changes will be automatically reflected in their accounts. Last month, Next Technology Holding Inc. reported in its quarterly report that net revenue for the first half of 2025 reached $312 million, a year-over-year increase of 2373%, primarily driven by gains in the fair value of digital assets.

The company's Bitcoin holdings increased from 833 coins at the end of last year to 5,833 coins, with the acquisition of 5,000 Bitcoins through the issuance of shares and cash payments during the period. As of June 30, the company's total cash and digital assets amounted to approximately $633 million.