Quantum Solutions (2338), an AI-focused company building an ether treasury, said its Hong Kong subsidiary, GPT Pals Studio, 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 approximately $15.1 million, with an average cost of $4,101 per ETH. The purchase makes it the 11th largest ETH digital asset (DAT) hoard in the world and the second largest outside the United States, according to CoinGecko data. The largest non-US DAT company, Shanghai-based Intchains, has more than twice that number.
The purchase was financed by external borrowings and the proceeds of recent share acquisition rights and convertible bonds issued on October 14.
The company plans to continue accumulating digital assets, primarily ether, to increase long-term value.
Quantum Solutions stock is up 17% since the start of the year.
Read more: Japanese AI company plans to buy 3,000 Bitcoins in the next 12 months
