On May 10, U.S. stock market Next Technology Holding Inc surged 740% to US$2.7 on Friday afternoon because the company increased its holdings of Bitcoin in Q1. According to information released by the company, as of March 31, 2025, it held approximately 5,833 bitcoins with a book value of US$481.7 million, compared with only 833 bitcoins at the end of 2024. The increase was mainly related to a major cryptocurrency acquisition executed in March, which was funded through the issuance of shares and warrants. Next Technology, which focuses on software development and Bitcoin investments, also reported first-quarter net income of $193.4 million, almost entirely from unrealized gains on digital assets.