Japan’s Quantum Solutions (2338) Adds More ETH, Now 11th-Largest Corporate Holder

Quantum Solutions (2338), an AI-focused company that is building an ether ETH$3,891.23 treasury, said its Hong Kong subsidiary, GPT Pals Studio, bought 2,000.13 ether ETH$3,891.23 for $7.85 million on Oct 21.

The Tokyo-based company said it now holds 3,865.8 ETH valued at about $15.1 million, with an average cost 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 U.S., according to CoinGecko data. The largest non-U.S. DAT company, Shanghai-based Intchains, has more than double that number.

The purchase was funded through external borrowings and proceeds from recent stock acquisition rights and convertible bonds issued on Oct. 14.

The company plans to continue accumulating digital assets, mainly ether, to enhance long-term value.

Quantum Solutions stock is up 17% year-to-date.

Read more: A Japanese AI Firm Plans to Buy 3,000 Bitcoin Over Next 12 Months