Quantum Solutions (2338), an AI-focused company building Ether Ethereum$3,892.88 The Ministry of Finance announced that the company’s Hong Kong subsidiary, GPT Pals Studio, purchased 2,000.13 Ether. Ethereum$3,892.88 on Oct. 21 for $7.85 million.
The Tokyo-based company said it currently holds 3,865.8 ETH worth about $15.1 million, with an average cost of $4,101 per ETH. The acquisition makes the company the 11th largest ETH digital asset treasury (DAT) in the world and the second largest outside the United States, according to CoinGecko data. The largest DAT company outside the US, Shanghai-based Intchains, has more than double that number.
The acquisition was funded by external borrowings and proceeds from recently issued stock acquisition rights and convertible notes issued on October 14th.
The company plans to continue accumulating digital assets, primarily Ether, to increase long-term value.
Quantum Solutions stock is up 17% since the beginning of the year.
Read more: Japanese AI company plans to buy 3,000 Bitcoins over next 12 months
