Quantum Solutions, backed by ARK Invest, has rapidly become the largest Ethereum (ETH) digital asset treasury outside the United States. In just one week, the Tokyo-based firm accumulated 2,365 ETH––valued at $9 million––marking a significant milestone in its aggressive crypto acquisition strategy.
Founder Francis Zhou revealed that Quantum Solutions is now Japan’s top publicly listed ETH treasury and ranks 11th globally. The company is on track to reach a 100,000 ETH treasury, having raised $180 million in late September with backing from major venture firms including ARK Invest and Susquehanna International Group.
Currently holding 3,866 ETH worth approximately $14.8 million and a smaller Bitcoin (BTC) treasury of 11.6 BTC valued at $1.3 million, Quantum Solutions continues its daily purchases, accelerating its accumulation pace.
ARK Invest CEO Cathie Wood expressed strong support, highlighting Japan’s pioneering role in institutional-grade ETH digital asset treasuries. This momentum contrasts with tightening regulations on digital asset treasuries in neighboring markets like Hong Kong, India, and Australia.
While some analysts suggest the digital asset treasury craze may be cooling globally, Quantum Solutions’ bold strategy positions it as a formidable player in the evolving ETH landscape.
Read more: https://cointelegraph.com/news/ark-invest-backs-largest-eth-treasury-outside-the-us