China Retains Seized Bitcoin Despite Crypto Ban

• Lyla Velez
• September 28, 2025
• Market
• 0 Comments

China’s retention of these BTC assets highlights ongoing regulatory complexities in the global crypto market and lack of transparency regarding their potential market impact.

Current BTC Holdings and Market Implications

China continues to possess approximately 194,000 BTC from the 2019 PlusToken scam. Next Technology Holdings emerges as a major corporate Bitcoin holder, enhancing focus on the nation’s involvement with digital assets.

The Chinese government holds these BTC without explicit confirmation of management or disposition. Next Technology Holdings is noted for substantial corporate BTC acquisitions as per recent SEC filings. Market reactions include falling share prices for Next Technology Holdings after filing for additional BTC acquisition. This highlights potential broader impacts on investor perceptions and market dynamics across digital finance landscapes.

“The proposed capital raise for Bitcoin acquisition could significantly impact Next Technology Holdings’ asset profile given the recent bullish performance of BTC.”

These developments emphasize financial and regulatory implications in terms of China’s handling of seized digital assets, with known past sell-offs potentially affecting Bitcoin prices. Lack of transparency in management poses uncertainty for market liquidity.

Potential outcomes include changes in regulatory strategies or the enhanced role of technological innovation within the Chinese financial sector. Historical precedents show episodes of government asset liquidation affecting crypto markets across the globe.