A Nasdaq-listed company may sell $450 million bitcoin, citing Binance hack and quantum fears

Next Technology Holding, a Nasdaq-listed entity, is considering selling or taking loans against its 5,833 BTC.

This decision stems from concerns regarding exchange security and the dangers posed by quantum computing.

The company indicated that it has not stored any of these coins on Binance.

The potential sale or lending action involves a figure of $450 million in bitcoin.

Earlier coverage

• Bitcoin stolen from Binance tops Tesla’s holdings and is over twice El Salvador’s reserve Oct 31
• Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms Oct 30
• Binance Hack: Why Bitcoin Didn't Crash Like It Did in 2018 Oct 30