Quantum Options (2338), an AI-focused firm that’s constructing an ether treasury, mentioned its Hong Kong subsidiary, GPT Friends Studio, purchased 2,000.13 ether for $7.85 million on Oct 21.
The Tokyo-based firm mentioned it now holds 3,865.8 ETH valued at about $15.1 million, with a median value of $4,101 per ETH. The acquisition makes it the world’s Eleventh-largest ETH digital asset treasury (DAT) and the second-largest outdoors the U.S., in line with CoinGecko information. The biggest non-U.S. DAT firm, Shanghai-based Intchains, has greater than double that quantity.
The acquisition was funded by exterior borrowings and proceeds from current inventory acquisition rights and convertible bonds issued on Oct. 14.
The corporate plans to proceed accumulating digital belongings, primarily ether, to reinforce long-term worth.
Quantum Options inventory is up 17% year-to-date.
Learn extra: A Japanese AI Agency Plans to Purchase 3,000 Bitcoin Over Subsequent 12 Months