ARK Invest-backed Quantum Solutions has become the largest Ether (ETH) digital asset treasury outside the United States after acquiring $9 million worth of ETH in just one week. The company’s founder, Francis Zhou, announced that Quantum Solutions accumulated 2,365 ETH over seven days, cementing its position as Japan’s leading publicly listed ETH digital asset treasury (DAT) and the 11th largest globally.
Quantum Solutions currently holds 3,866 ETH valued at approximately $14.8 million, along with a smaller Bitcoin treasury of 11.6 BTC worth around $1.3 million. The Tokyo stock exchange-listed firm recently raised $180 million to build a massive 100,000 ETH treasury, with backing from major venture capital firms including ARK Invest and Susquehanna International Group.
Despite regulatory tightening in some Asian markets, Japan remains supportive of publicly listed DATs. ARK Invest CEO Cathie Wood expressed enthusiasm for supporting Japan’s first institutional-grade ETH DAT and highlighted ARK’s ongoing investments in this sector.
While interest in digital asset treasuries has cooled in recent weeks, Quantum Solutions continues to accelerate its ETH accumulation, targeting a substantial position in the evolving crypto landscape.
Read more at https://cointelegraph.com/news/ark-invest-backs-largest-eth-treasury-outside-the-us