Publicly traded company Next Technology plans to raise $500 million, with part of the funds to be used to purchase Bitcoin.

BlockBeats News, September 16th - Software-as-a-Service provider Yuesheng Group, the parent company of Next Technology Holding (Nasdaq: NXTT), filed a $5 billion Shelf Offering document, planning to use part of the proceeds to purchase Bitcoin.

The current market value of the company is reported to be $77.1597 million.