Companies supported by ARK Invest have become the largest holders of Ethereum (ETH) outside the United States.

CN
5 hours ago

Quantum Solutions has accumulated $9 million worth of Ethereum in a week, becoming the largest Ethereum digital asset repository outside the United States.

According to Francis Zhou, the founder of Quantum Solutions, the company's latest Ethereum procurement status was announced on Thursday.

“I am proud to announce that we have accumulated 2,365 Ethereum in seven days, and Quantum Solutions has officially become the largest Ethereum digital asset repository outside the United States,” said Francis Zhou, adding that the company will continue to increase its holdings of Ethereum.

According to the company, it has become a leading Ethereum digital asset repository listed in Japan and is also the 11th largest in the world. This data is sourced from CoinGecko.

Quantum Solutions also holds 11.6 Bitcoin, valued at $1.3 million.

Zhou stated that the company is acquiring Ethereum at a rate of 150 million yen ($983,000) per day and will continue to accelerate its accumulation.

According to the company's official website, it currently holds 3,866 Ethereum, valued at approximately $14.8 million.

The company, listed on the Tokyo Stock Exchange, raised $180 million in late September to build a digital asset repository of 100,000 Ethereum. The company has received support from venture capital firms, including ARK Invest and Susquehanna International Group.

Japan remains open to listed digital asset repositories, while other regional stock exchanges, including those in Hong Kong, India, and Australia, have begun tightening related policies.

According to ARK Invest founder and CEO Cathie Wood on Thursday, “The DAT revolution has been underway for three months, and we are pleased to support Japan's first institutional-grade Ethereum digital asset repository.”

ARK Invest has also invested in BitMine, chaired by Tom Lee, which is the largest Ethereum digital asset repository in the world. ARK Invest included the company's stock in its three innovation and fintech funds for the first time in September.

However, the enthusiasm for digital asset repositories seems to be waning, as the stock prices of some of the largest cryptocurrency holding companies globally have recently declined.

Last week, Tom Lee questioned whether the DAT bubble had burst. According to researchers at 10x Research, “The era of financial magic for Bitcoin digital asset repository companies is coming to an end.”

Nevertheless, Lee has been actively buying on dips following the record crash in the crypto market earlier this month.

Related: Major crypto wallets launch defense networks to address $400 million loss from phishing attacks

Original: “ARK Invest-backed company becomes the largest Ethereum (ETH) holder outside the US”

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink