Quantum Solutions, backed by ARK Invest, has become the largest holder of Ether treasury outside the United States, amassing $9 million worth of ETH within a single week. The company’s founder, Francis Zhou, revealed that they acquired 2,365 ETH in just seven days, making Quantum Solutions Japan’s leading publicly listed Ether digital asset treasury (DAT) and the 11th largest globally. The firm, which also holds a smaller Bitcoin reserve of 11.6 BTC valued at $1.3 million, is aggressively increasing its Ether holdings, currently standing at 3,866 ETH, worth approximately $14.8 million.
Quantum Solutions recently raised $180 million with support from prominent venture firms including ARK Invest and Susquehanna International Group to expand their ETH treasury to a target of 100,000 ETH. In a region where other stock exchanges like Hong Kong, India, and Australia are tightening regulations on publicly listed DATs, Japan remains welcoming to these innovative investment vehicles.
Cathie Wood, ARK Invest’s founder and CEO, expressed strong support for Japan’s pioneering institutional-grade ETH DAT, highlighting the growing institutional interest in digital asset treasuries. ARK Invest has also invested in BitMine, the world’s largest Ether DAT, signaling its commitment to the expanding ETH treasury market.
Despite recent cooling enthusiasm around digital asset treasuries, with some questioning whether the DAT bubble has burst, Quantum Solutions continues to accelerate its governance and accumulation of Ether, positioning itself as a leading force in the evolving crypto investment landscape.
For more details, read the full article at: https://cointelegraph.com/news/ark-invest-backs-largest-eth-treasury-outside-the-us
