Next Technology Holding is a small Wyoming-incorporated holding company operating two distinct businesses: AI-enabled software development services for enterprise clients in Asia, and a Bitcoin treasury strategy. The software business develops and deploys custom SaaS platforms integrating cloud computing, big data, and AI tools, serving clients primarily in Hong Kong, Singapore, Malaysia, and Japan across industries like property management, cryptocurrency mining, and energy. Products include CRM tools, cloud collaboration platforms, supply chain optimization modules, workflow automation, and data analytics. The model is project-based and custom rather than standardized, though Next Technology has signaled an intent to move toward recurring SaaS revenue over time. The company employs 28 people, with 16 in R&D and product delivery. On the Bitcoin side, Next Technology acquires Bitcoin using excess cash and capital raised through debt and equity issuances, treating Bitcoin as a long-term store of value. As of year-end 2025, Next Technology held 5,833 Bitcoin with a fair value of approximately $516M, up from 833 Bitcoin at year-end 2024, after purchasing 5,000 additional Bitcoin in 2025 for approximately $158M. Under current accounting rules, Bitcoin is marked to fair value each period, with gains and losses flowing through net income. Given the scale of Bitcoin holdings relative to the software business, Bitcoin price movements and related capital markets activity are likely the dominant drivers of reported financial results.