How will the increased Bitcoin exposure influence the stock's beta and overall risk profile?

The addition of a sizable Bitcoin treasury turns NX TT into a hybrid “tech‑plus‑crypto” play, which will push its equity‑beta well above the modest 0.3–0.5 range typical of pure‑software firms. Bitcoin’s historic β to the S&P 500 hovers around 1.2–1.4, so every 10 % of the balance‑sheet allocated to BTC adds roughly 0.12 – 0.14 points of beta to the company’s overall exposure. As a result, NX TT’s systematic risk will rise, and its price will start to move in tandem with crypto‑market swings rather than being driven solely by software‑revenue fundamentals. Expect a broader‑range price envelope, higher intraday volatility, and a stronger correlation with the BTC‑USD chart (R ≈ 0.6 – 0.7 on a 30‑day window).

From a fundamentals standpoint, the Bitcoin holding can boost return‑on‑capital if BTC stays on an up‑trend, but it also injects a “crypto‑tail‑risk” that can erode equity value during sharp corrections (e.g., a 30 % BTC draw‑down would cut roughly 3 %–4 % of NX TT’s market cap, given the disclosed exposure). Practically, traders should:

• Size positions tighter – keep a max 2–3 % portfolio allocation until the crypto‑exposure premium is fully priced in.
  
• Use volatility‑adjusted stops – set trailing stops at 1.5–2× the 20‑day ATR to accommodate the higher swing potential.
  
• Consider hedging – a short‑dated BTC‑future or a put spread on the S&P 500 can offset the added systematic risk, especially ahead of macro‑sensitive events (Fed meetings, crypto‑regulatory announcements).
  

In short, the Bitcoin stake lifts NX TT’s beta and overall risk profile, making it a more volatile, crypto‑correlated equity. Traders should treat it less like a pure‑software stock and more like a crypto‑‑linked asset, adjusting position sizing, stop‑loss methodology, and optional hedges accordingly.