Next Technology will implement a 200-in-1 reverse share split, and acquired 5,000 Bitcoins in the first half of the year

Next Technology Holding Inc. (NASDAQ: NXTT) announced that it will implement a 200-in-1 reverse split on September 16, when the company's outstanding shares will be reduced from approximately 566 million shares to approximately 2.83 million shares. After the split, the stock will be traded at the adjusted price on the Nasdaq at the new CUSIP number 961884301, with no fragments generated. The company's authorized share capital and face value remain unchanged, and shareholders do not need to operate, and the relevant changes will be automatically reflected in the account. The quarterly report released by Next Technology Holding Inc. last month showed that net income in the first half of 2025 reached US$312 million, a year-on-year increase of 2373%, mainly driven by the fair value gains in digital assets. The company's Bitcoin holdings increased from 833 at the end of last year to 5,833, and 5,000 Bitcoins were acquired through issuing shares and paying cash during the period. As of June 30, the company's cash and digital assets totaled approximately US$633 million.