Next Technology Holding, a publicly listed company in the US, plans to issue up to $500 million in common stock, with the proceeds to be used for purchasing Bitcoin

ChainCatcher news, according to the announcement from the U.S. SEC, the U.S. listed company Next Technology Holding Inc. (NXTT) has submitted an S-3 registration statement to the U.S. Securities and Exchange Commission, intending to issue up to $500 million in common stock through a shelf registration process.

The company plans to use the raised funds for general corporate purposes, including working capital, R&D expenses, potential acquisitions, and purchasing Bitcoin, although the specific uses have not yet been finalized.