“Quantum Solutions boosts ETH position as company cements standing among top digital asset treasuries, becomes No. 2 DAT outside US”, — write: www.coindesk.com
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 US, according to CoinGecko data. The largest non-US 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.
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The team cannot afford the cost of relaunching the protocol, which would require significant investment in audits and development.
- Decentralized exchange Bunni is shutting down after an $8.4 million exploit left the team without resources to recover.
- The team said it cannot afford the cost of relaunching the protocol, which would require significant investment in audits and development.
- Bunni will keep withdrawals open, distribute remaining funds to token holders, and open-source its smart contracts while working with law enforcement to track the exploiter.
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