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Quantum Solutions Adds 2K ETH to Become 11th-Largest Ether Treasury Company

CoinDesk
Quantum Solutions' Hong Kong subsidiary purchased 2,000 ETH, making the company the 11th-largest corporate Ether treasury globally.

Summary

Quantum Solutions (2338), a Tokyo-based, AI-focused company, announced that its Hong Kong subsidiary, GPT Pals Studio, acquired 2,000.13 ETH for $7.85 million on October 21. This purchase brings the company's total holdings to 3,865.8 ETH, valued at approximately $15.1 million, with an average cost of $4,101 per ETH. According to CoinGecko data, this acquisition elevates Quantum Solutions to the 11th-largest Ether Digital Asset Treasury (DAT) worldwide and the second-largest outside the U.S., trailing only Shanghai-based Intchains. The acquisition was financed through external borrowings and proceeds from recent stock acquisition rights and convertible bonds. Quantum Solutions intends to continue accumulating digital assets, primarily Ether, to bolster its long-term value.

(Source:CoinDesk)