The US stock Next Technology surged over 700% in response to a significant increase in Bitcoin holdings in Q1.

BlockBeats News, May 10th, the stock of Next Technology Holding Inc surged 740% to $2.7 on Friday afternoon, as the company significantly increased its Bitcoin holdings in Q1.

According to information released by the company, as of March 31, 2025, it held approximately 5,833 bitcoins, with a book value of $4.817 billion, compared to only 833 bitcoins at the end of 2024. This growth is mainly attributed to a significant cryptocurrency acquisition in March, which was financed through stock issuance and warrants.

Next Technology's business focuses on software development and Bitcoin investments. The company also reported first-quarter net revenue of $1.934 billion, almost entirely from unrealized gains on digital assets.