Next Technology intends to issue up to $500 million in common stock, with the purpose of purchasing Bitcoin

Next Technology, a US listed company, filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC), intending to issue up to $500 million in common stock through the registration process. The company plans to use the funds raised for general corporate purposes, including working capital, R&D expenditure, potential mergers and acquisitions, and the acquisition of Bitcoin, etc. The specific purpose has not been finalized.