Quantum Solutions Adds 2K ETH to Become 11th-Largest Ether Treasury Company
Quantum Solutions (2338), an AI-focused company that is building an ether ETH$3,892.88 treasury, said its Hong Kong subsidiary, GPT Pals Studio, bought 2,000.13 ether ETH$3,892.88 for $7.85 million on Oct 21.
The Tokyo-based company said it now holds 3,865.8 ETH valued at about $15.1 million, with an average cost of $4,101 per ETH. The purchase makes it the world’s 11th-largest ETH digital asset treasury (DAT) and the second-largest outside the U.S., according to CoinGecko data. The largest non-U.S. DAT company, Shanghai-based Intchains, has more than double that number.
The purchase was funded through external borrowings and proceeds from recent stock acquisition rights and convertible bonds issued on Oct. 14.
The company plans to continue accumulating digital assets, mainly ether, to enhance long-term value.
Quantum Solutions stock is up 17% year-to-date.
Read more: A Japanese AI Firm Plans to Buy 3,000 Bitcoin Over Next 12 Months
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Today: "Driven by Greed: Cryptoqueen Receives 11-Year Prison Term for $6.6 Billion Bitcoin Scam"
- Chinese "cryptoqueen" Zhimin Qian received 11-year prison sentence for orchestrating $6.6B Bitcoin fraud affecting 128,000 Chinese investors. - UK authorities seized 61,000 Bitcoin in landmark seizure, highlighting advanced crypto enforcement capabilities through blockchain analytics. - Qian evaded capture for years while living lavishly in Europe, using stolen funds to buy luxury properties and jewelry under false identities. - Judge condemned her "pure greed" for devastating victims' lives, as case spa
CFTC’s Delicate Balance: Navigating Regulation and Fostering Crypto Innovation
- U.S. Senate bill designates CFTC as primary crypto regulator, granting exclusive spot trading oversight for digital commodities like Bitcoin and Ethereum . - Legislation mandates CFTC-SEC collaboration, imposing operational standards on exchanges while retaining SEC authority over securities-classified assets. - Key challenges include unresolved DeFi regulation debates, CFTC's staffing crisis (only one active commissioner), and election-year legislative delays. - Market reactions are mixed: 25% Polymarke
Dan Tapiero says Bitcoin’s bull run is still on, but a 70% downturn could follow
OpenAI's Rapid AI Push: Prioritizing Pace Over Precaution Triggers Worldwide Criticism and Legal Challenges
- Public Citizen demands OpenAI withdraw Sora 2 over deepfake risks to democracy and nonconsensual imagery. - Sora 2's viral content, including disturbing videos and unauthorized Japanese content, sparks global copyright disputes. - Lawsuits allege ChatGPT caused mental health issues, while a German court rules it infringed song lyrics copyright. - Critics argue OpenAI prioritizes speed over safety, with reactive measures failing to address systemic risks. - The controversies highlight tensions between AI
Trending news
MoreCrypto prices
More
