Overview
- Quantum’s Hong Kong unit bought about 2,000 ETH on Oct. 21, taking holdings to roughly 3,865.8 ETH valued near $15.1 million at an average cost of about $4,101 per ETH.
- The company disclosed that the Oct. 21 purchase was financed with external borrowings and proceeds from stock acquisition rights and convertible bonds issued on Oct. 14.
- Management says it intends to keep adding to reserves toward a long-term 100,000 ETH goal, with reports of a roughly ¥150 million daily buying pace.
- Third-party trackers diverge on rankings, with CoinGecko placing Quantum 11th globally and second outside the U.S., while the company and some outlets describe it as the largest outside the U.S.
- Shares fell nearly 28% over five sessions through Oct. 23 as DAT-focused stocks cooled, even as Cathie Wood publicly backed Quantum following September’s ARK-led funding round that included SIG/CVI and Integrated Asset Management.