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Nasdaq-listed Next Technology Holding may sell $450 million in Bitcoin, citing the Binance hack and quantum computing risks.
Next Technology Holding has authorized the sale or loan collateralization of its 5,833 Bitcoin holdings, valued at approximately $450 million. The company stated that this decision was made due to concerns over exchange security, including the recent Binance hack, and the risks posed by quantum computing. Next Technology Holding emphasized that its Bitcoin is not stored on the Binance exchange.
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