Next Technology, a listed company that acquired 5,000 Bitcoin in the first half of this year, will implement a 200-in-1 share reverse stock split.

According to Bijie.com, on September 12, Next Technology Holding Inc. (NASDAQ: NXTT) announced a reverse stock split of 200-share combined 1 shares effective on September 16, reducing the company's issued shares from approximately 566 million shares to approximately 2.83 million shares. These stocks will be traded on the Nasdaq at the adjusted price at the new CUSIP number 961884301 and will not generate fragments. The company's authorized equity and face value remain unchanged and shareholders need not take any action; the change will be automatically reflected in their accounts. Last month, Next Technology Holding Inc. released its quarterly report, which reported net income for the first half of 2025 was $312 million, a year-on-year increase of 2,373%, largely thanks to fair value gains from digital assets. The company’s Bitcoin holdings increased to 5,833 from 833 late last year, during which the company acquired 5,000 Bitcoins through stock issuance and cash payments. As of June 30, the company's total cash and digital assets were approximately $633 million.