Next Technology Holding Completes Approximately $157 Million Registered Direct Offering

According to GlobeNewswire, Next Technology Holding Inc. (NASDAQ: NXTT) announced the completion of its previously disclosed approximately $157 million registered direct offering. This offering includes 71,381,818 shares of common stock at an offering price of $1.10 per share, as well as pre-funded warrants to purchase up to 71,381,818 shares of common stock at an offering price of $1.099 per warrant. The transaction was closed on March 26. The company stated that its business is driven by a dual strategy of 'AI + digital assets,' with its holdings of Bitcoin and other digital assets available for collateralized financing, partial liquidation, or generating additional returns. The company believes that Bitcoin's limited supply supports its long-term appreciation and potential as a hedge against inflation.