Quantum Solutions (2338), an AI-focused company building an ether Ministry of Finance, its Hong Kong subsidiary, GPT Pals Studio, said bought 2,000.13 ether for $7.85 million on October 21.
The Tokyo-based company said it now holds 3,865.8 ETH worth about $15.1 million, with an average price of $4,101 per ETH. The purchase makes it the world’s 11th largest ETH digital asset treasury (DAT) and the second largest outside the US, according to CoinGecko data. The largest non-US DAT company, Shanghai-based Intchains, has more than double that number.
The purchase was financed through external borrowings and proceeds from recent stock purchase rights and convertible bonds issued on 14 October.
The company plans to continue accumulating digital assets, mainly ether, to increase long-term value.
Quantum Solutions’ stock is up 17% year-to-date.
Read more: A Japanese AI company plans to buy 3,000 Bitcoin in the next 12 months
