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pepe
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bonk
Bonk (BONK)
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bitcoin
Bitcoin (BITCOIN)
$113,566 2.36%
ethereum
Ethereum (ETHEREUM)
$4,354 1.63%
binancecoin
BNB (BINANCECOIN)
$894.68 2.30%
solana
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ripple
XRP (RIPPLE)
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shiba-inu
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pepe
Pepe (PEPE)
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bonk
Bonk (BONK)
$0.000023 2.23%
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Nasdaq-Listed QMMM Launches Crypto Treasury Plan Targeting Bitcoin, Ethereum, and Solana

Highlights:

  • QMMM stock jumped 1,736% to close at 207 after hitting an intraday peak of 2,300% on Nasdaq.
  • The firm plans to focus on three coins as part of its investment plans in the announcement.
  • Asian firms such as Sora Ventures and Metaplanet continue to expand Bitcoin treasuries with large-scale funding.

QMMM Holdings, a Hong Kong-based digital advertising firm, revealed that it will set up a crypto treasury of up to $100 million and that the initial investments will be made in Bitcoin, Ethereum, and Solana. QMMM described the move as part of a broader “crypto-autonomous ecosystem” designed to combine artificial intelligence with blockchain technology.

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Bun Kwai, chief executive officer of QMMM, said the initiative reflects the firm’s vision to connect the digital economy with real-world applications. “QMMM’s entry into this space reflects our commitment to technological innovation and our vision to bridge the digital economy with real-world applications,” he stated.

The ecosystem will consist of a decentralized marketplace to connect data providers with consumers, according to the announcement, and will use AI-driven analytics to handle vast amounts of data. The company also intends to broaden its tools to handle decentralized autonomous organization treasuries, strengthen metaverse encounters, and recognize vulnerabilities in smart contracts.

However, questions remain about how the firm will finance the ambitious treasury. An earlier filing with the U.S. Securities and Exchange Commission showed QMMM held less than $500,000 in cash at the end of September 2024. The filing also reported a net loss of more than $1.5 million over the same period. Industry observers note that the company has not yet clarified how it intends to fund the new initiative.

QMMM Unveils Crypto Treasury Plan and AI Integration Amid Stock Surge

The company saw its shares skyrocket on Tuesday after announcing major plans in the digital asset space. The stock surged as much as 2,300% during the trading session before closing 1,736% higher at $207 on the Nasdaq exchange.

The market remained in an extraordinary rally, but the momentum decreased in the long-term trading as the shares dropped by over 60% after reaching their peak. The dramatic changes brought the issue of volatility into focus, although the company also registered an 8,147% growth within the last month.

QMMM emphasized that beyond the treasury, it intends to invest in high-quality digital assets with long-term potential as well as Web3 infrastructure projects. The company also highlighted plans to expand into premium equity assets aligned with its strategic outlook.

Asian Companies Accelerate Bitcoin Treasury Strategies

QMMM’s announcement comes as more Asia-based firms move to adopt crypto treasuries. Earlier this month, Sora Ventures, a venture capital firm, launched what it described as Asia’s first dedicated Bitcoin treasury fund. The initiative began with $200 million in commitments from investors, with a target of reaching $1 billion in Bitcoin within six months.

Meanwhile, Japanese Metaplanet, a major corporate holder of Bitcoin, said it would expand its shares by 385 million new shares in an offshore issue. The firm plans to use the approximately $1.44 billion it plans to raise to expand its BTC holdings after adding 136 BTC on Monday in its continuous weekly acquisition.

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