Quantum Solutions dey top Non-US Ethereum Treasury wit 3,865 ETH
Quantum Solutions wey dey listed for Tokyo don boost dia Ethereum treasury by buyin 2,365 ETH within seven days, make dia total holdings come reach 3,865.84 ETH (approx. $14.8 million). Na im make am di biggest non-US Ethereum treasury for the world and di top one for Japan among Ethereum Decentralized Autonomous Trusts (DATs). Di ETH wey dem buy na from one September round of ¥26 billion ($180 million) wey ARK Invest, Susquehanna International Group and Integrated Asset Management lead. Even though dem dey accumulate ETH, Quantum shares drop pass 28% for five days reach 565 yen for October 23, show say people dey do profit-taking for crypto treasury stocks. Di company still get 1.6 BTC ($1.3 million) for dia Bitcoin treasury. Founder Francis Zhou talk say dem go continue the Ethereum treasury strategy, dem go still add more ETH. Traders suppose watch how Ethereum treasury stocks and crypto market trends fit shake.
Bullish
Big big institutional ETH accumulation wey Quantum Solutions dey do show say demand strong and confidence dey for Ethereum. For short term, this fit support price floor and better market sentiment. For long term, the ongoing treasury buying by one Tokyo-listed company wey ARK Invest and others dey back show say corporate interest for crypto treasury strategies dey grow. Even though profit-taking for related stocks fit cause volatility, the direct impact of 3,865 ETH treasury boost likely to be bullish for ETH.