In just one week, a Japanese company bought enough Ethereum to shake up the global crypto landscape. Quantum Solutions scooped up $9 million worth of ETH in seven days, making it the biggest Ethereum holder outside the U.S.
Company founder Francis Zhou broke the news on Thursday, revealing that Quantum Solutions now stands as Japan’s top publicly listed Ethereum treasury and ranks 11th worldwide. The buying spree isn’t over. The firm continues purchasing at a blistering pace of $983,000 worth of ETH every single day, with Zhou promising to accelerate even further.
Building a 100,000 ETH War Chest
Quantum Solutions raised $180 million in September, attracting backing from ARK Invest and Susquehanna International Group to build a massive 100,000 ETH treasury. The company currently holds 3,866 ETH valued at $14.8 million, alongside a smaller Bitcoin position of 11.6 BTC.
“We’re happy to support Japan’s first institutional-grade ETH DAT,” ARK Invest CEO Cathie Wood said on Thursday.
The momentum comes as Japan embraces publicly listed digital asset treasuries while other Asian exchanges clamp down. However, recent market volatility has cooled the enthusiasm, and researchers are questioning whether “the age of financial magic” has ended for crypto treasury companies.
