NXTT combines a small AI-SaaS business with a far larger Bitcoin treasury strategy that now drives most of the equity story. The stock has collapsed mainly due to repeated dilution. So, the stock's rapid devaluation isn't just due to weaker Bitcoin prices. However, by now, I believe this dynamic has created a potential valuation dislocation. NXTT is at a sharp discount to its cash+Bitcoin holdings.
Next Technology Holding (NASDAQ: NXTT ) just reported results for the second quarter of 2024. Next Technology Holding reported earnings per share of -$1.92.