ARK Invest-backed firm becomes largest ETH hoarder outside the US
ARK Invest-backed Quantum Solutions is now the largest Ether treasury outside the US after acquiring $9 million in ETH this week.Summary
Quantum Solutions, a firm backed by ARK Invest and listed on the Tokyo stock exchange, has become the largest Ether Digital Asset Treasury (DAT) outside the United States, accumulating 2,365 ETH in just seven days, totaling $9 million. Founder Francis Zhou announced the milestone, stating the firm is now Japan's leading publicly listed ETH DAT and the 11th largest globally, with plans for further accumulation. The firm, which also holds a small Bitcoin treasury, raised $180 million in September with backing from venture firms including ARK Invest and Susquehanna International Group (SIG) to build a 100,000 ETH treasury. ARK Invest CEO Cathie Wood expressed support for Quantum Solutions as Japan remains open to publicly listed DATs, contrasting with crackdowns in other regional exchanges. This development occurs while the broader DAT momentum appears to be cooling, with some large crypto hoarders seeing share price declines.
(Source：Cointelegraph)