A Nasdaq Company Just Cleared the Sale of Its 5,833 Bitcoin, Citing Quantum Risk. Is That a Real Reason to Sell BTC?
A Nasdaq company just approved the sale of thousands of Bitcoin, blaming quantum computing risk and a massive exchange hack. But are those genuine threats driving the decision, or does something else explain the timing?
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The board of Next Technology Holding (NASDAQ: NXTT) approved a plan to sell or pledge approximately 5,833 Bitcoin (CRYPTO: BTC) in batches on October 30, 2026. The company stated that the goal is to lower its Bitcoin exposure and increase liquidity. The board listed a recent hack on Binance and quantum computing risk as reasons for this decision.
After the announcement, Next Technology shares rose by 6.5%, reaching $5.11 on the same day. Bitcoin, however, closed that day at $77,223, its lowest close in 30 days.
Next Technology Hasn’t Sold Any Bitcoin Yet
Despite the board’s approval, Next Technology has not sold any Bitcoin yet. The company said it cannot guarantee any transactions will occur and that it does not hold its Bitcoin on Binance. Placing Bitcoin as collateral, or “pledging,” would let the company borrow funds while retaining ownership of its Bitcoin.
However, Next Technology did not disclose details on potential buyers, lenders, pricing, batch sizes, timing, or how it might use the proceeds.
This current decision marks a shift from Next Technology’s previous strategy. In SEC filings, the company reported an increase in holdings to 5,833 BTC as of June 30, 2025, up from 833 Bitcoin at the end of December 2024. The company partly funded the acquisition of these additional coins by issuing 135,171,078 common shares, and it initially planned to continue purchasing Bitcoin.
The 5,833 BTC Stake Is Large for Next Technology and Small for Bitcoin
At $77,562 per Bitcoin as of October 31, Next Technology’s Bitcoin holdings are worth about $452.4 million. Given the company’s total market value is only about $7.5 million, this suggests investors value the firm well below its Bitcoin holdings.
A sale of this size would likely affect Next Technology’s shareholders more than the broader market. Given that Next Technology is a smaller company on the Nasdaq, its moves do not necessarily reflect trends among larger corporate Bitcoin holders.
In the broader context, 5,833 BTC represents roughly 0.7% of one day’s Bitcoin trading volume. So, even if the company sells its entire stake in several batches, it would not significantly affect the daily market.
Quantum Risk Is a Long-Term Problem, and Big Holders Are Not Selling Over It
Bitcoin transactions rely on ECDSA, a digital signature method that ensures owners control their coins. Theoretically, a sufficiently advanced quantum computer could derive a private key from a public key. This risk arises when public keys are exposed on the blockchain, particularly through reused addresses or older address types, while coins stored in fresh addresses reveal the key only upon spending.
Developers are already taking action to address this issue. One such solution is BIP-360, a draft soft fork, meaning a backward-compatible upgrade, that adds a new output type built to resist “long exposure attacks.” Its authors say protecting keys while a transaction waits to confirm “may require the introduction of post-quantum signatures” later on. The proposal is still in draft form and lacks a set activation date.
Companies are also preparing for this risk by enhancing their security systems. For instance, during Coinbase’s (NASDAQ: COIN | COIN Price Prediction) earnings call on October 29, CEO Brian Armstrong noted that the company has begun upgrading its custody solutions to be quantum-resistant.
Meanwhile, Strategy Inc. (NASDAQ: MSTR) held 848,517 BTC as of October 25, valued at about $65.8 billion at $77,562 per Bitcoin. It has sold $431.8 million of Bitcoin in 2026 for dividends and STRC buybacks, but not due to quantum computing concerns. Additionally, on October 31, Adam Livingston from Strive (NASDAQ: ASST) highlighted that his company holds $3.3 billion in Bitcoin against $2.1 billion in preferred stock.
Is Quantum Computing Risk a Valid Reason to Sell Bitcoin?
No, it isn’t. While quantum computing poses a legitimate long-term challenge, it doesn’t explain the recent 3.6% decline in Bitcoin’s value during the week leading up to October 31. With Bitcoin trading at $77,562, down 38.5% from its all-time high, recent price moves are more closely tied to the Binance hack.
Any holder who sold Bitcoin based on Next Technology’s announcement would likely find themselves exiting near a 30-day low over a risk developers are actively addressing. Next Technology’s decision seems to reflect the company’s financial needs more than genuine concerns about quantum risk affecting Bitcoin overall.
Our perspective could change if larger holders referenced quantum risk in their selling decisions or if discussions around BIP-360 stalled while advances in quantum technology continue. The next important indicator will be a filing from Next Technology showing the completion of a sale along with the details of that transaction.
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Sam Daodu is a crypto analyst and the editor of 24/7 Wall St.'s Crypto Desk, where he covers Bitcoin, XRP, Ethereum, Solana and the altcoins investors search for most. His work focuses on price levels, spot ETF flows, on-chain data and the regulatory decisions that move crypto markets, written so a first-time buyer and a seasoned trader can both use it.
Sam has written about crypto professionally since 2019 and has published more than 2,000 articles. Before joining 24/7 Wall St., he wrote for crypto media outlets and Web3 companies and ghostwrote for crypto founders and token launches. His analysis is syndicated on Yahoo Finance, MSN and AOL and has been cited by other crypto news sites. He also founded MacLabs Marketing, a content and personal branding agency for crypto founders and executives.
When he isn't reading charts, Sam is usually at the gym or watching One Piece, a series he maintains has better tokenomics than most altcoins.
