Tokyo Firm Liquidates Part of Ethereum Treasury to Fund AI Data Centers

Share

Quantum Solutions, a Tokyo Stock Exchange-listed company, sold 1,000 ETH through its subsidiary GPT Pals Studio at $1,903 per token, generating $1.9 million in proceeds. The sale is expected to result in an accounting loss of approximately JPY 17 million, as the selling price fell below the carrying value. Proceeds will fund the group’s AI Infrastructure Data Center business. Since June, Quantum Solutions has sold a total of 1,904 ETH, reducing its holdings to 4,764.80 ETH, with 3,050 tokens pledged as collateral to a Singapore-based lender since April.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles