Key Takeaways
Shares of Next Technology Holding (NXTT) surged for the second consecutive session on Monday after the company, which provides software services and buys bitcoin, disclosed a significant increase in its cryptocurrency holdings.
Next Technology revealed in a recent regulatory filing that it possesses 5,833 bitcoin, acquiring 5,000 of those since the previous year. As of March 31, the value of its bitcoin holdings was $481.7 million, with a purchase cost of $183.1 million. The company emphasized its view of bitcoin as a long-term investment and plans to continue acquisitions. It added that it has not set a specific target for bitcoin holdings but will evaluate market conditions to decide on further financial actions for additional purchases.
Next Technology believes bitcoin has the "potential to serve as a hedge against inflation" and offers potential value appreciation as adoption increases. This news propelled the company's stock 661% higher on Friday, followed by an additional 80% rise when trading began on Monday. The stock's performance shifted from negative to positive territory for 2025 due to these gains and bitcoin's price surge, which exceeded $104,000.
Similarly, healthcare provider Kindly MD (KDLY) experienced a 475% stock increase to $4.22 on Monday. This rise followed the announcement of its merger with bitcoin-native holding company Nakamoto Holdings as part of initiating a bitcoin treasury strategy. Nakamoto Holdings was established by David Bailey, a key cryptocurrency advisor to President Donald Trump.
This article has been published on investopedia.com via Yahoo News.
Shares of Next Technology Holding (NXTT) surged for the second consecutive session on Monday after the company, which provides software services and buys bitcoin, disclosed a significant increase in its cryptocurrency holdings.
Next Technology revealed in a recent regulatory filing that it possesses 5,833 bitcoin, acquiring 5,000 of those since the previous year. As of March 31, the value of its bitcoin holdings was $481.7 million, with a purchase cost of $183.1 million. The company emphasized its view of bitcoin as a long-term investment and plans to continue acquisitions. It added that it has not set a specific target for bitcoin holdings but will evaluate market conditions to decide on further financial actions for additional purchases.
Next Technology believes bitcoin has the "potential to serve as a hedge against inflation" and offers potential value appreciation as adoption increases. This news propelled the company's stock 661% higher on Friday, followed by an additional 80% rise when trading began on Monday. The stock's performance shifted from negative to positive territory for 2025 due to these gains and bitcoin's price surge, which exceeded $104,000.
Similarly, healthcare provider Kindly MD (KDLY) experienced a 475% stock increase to $4.22 on Monday. This rise followed the announcement of its merger with bitcoin-native holding company Nakamoto Holdings as part of initiating a bitcoin treasury strategy. Nakamoto Holdings was established by David Bailey, a key cryptocurrency advisor to President Donald Trump.
This article has been published on investopedia.com via Yahoo News.
