Quantum Solutions Sells $1.9M ETH Amid Shift Towards AI Infrastructure
Quantum Solutions, a company that held one of Japan's largest corporate Ethereum treasuries, has sold $1.9 million worth of ETH to pivot towards an AI infrastructure and data center business.
The sale of 1,000 ETH was executed through the company's Hong Kong subsidiary, GPT Pals Studio Limited, at an average price of approximately $1,903 per ETH.
With this latest transaction, Quantum Solutions' holdings have fallen to 4,765 ETH from a peak of 6,668.8 ETH in early June.
The company expects to record a loss of around $100,000 on the sale as its average acquisition cost was approximately $3,595 per ETH earlier in the year.