Next Technology, a listed company that acquired 5,000 Bitcoins in the first half of the year, will implement a 200-for-1 reverse stock split.

The company's Bitcoin holdings increased from 833 at the end of last year to 5,833. During the period, the company acquired 5,000 Bitcoins through share issuance and cash payments. As of June 30, the company's cash and digital assets totaled approximately $633 million.