Crypto Treasuries Pivot to Fund AI Data Centers

Crypto treasuries are diversifying their use of digital assets beyond passive holding. Quantum Solutions, for instance, has converted Ethereum to cash and used it to fund its Japanese AI data center expansion plans. The company sold 1,000 ETH for $1.903 million on July 30, with the proceeds going towards supporting data center contracts, GPU equipment, and preparations for its AI infrastructure data center business.

Quantum's sister company GPT Pals Studio made the sale at a price of $1,903 per token. The disposal resulted in a $100,970 loss for Quantum due to the sale price being below its May 31 carrying value of $2,003.97 per ETH.

The company also increased its cumulative sale limit from 1,875 ETH to 4,375 ETH through October 30, leaving it authorized to dispose of another 2,471 tokens by then.