Tokyo-listed Quantum Solutions (2338) sold 1,000 $ETH for $1.9 million and more than doubled its disposal ceiling to fund an AI data center business.
The move came as another crypto treasury firm, Hyperscale Data (GPUS), monetized about 100 $BTC and opened a bitcoin-backed credit line for a Michigan AI data center..
Quantum sold the $ETH on July 30 at $1,903 per token, generating $1.903 million after fees, according to a company filing. It expects to recognize a $100,970 loss against the position’s May 31 carrying value of $2,003.97 per $ETH, the filing adds.
The sale price was 47% below the $3,595.02 average acquisition cost Quantum reported in June.
The firm sold 904 $ETH for $1.61 million on June 16 at an average price of $1,777 per token. The two disposals raised about $3.51 million and reduced its holdings by 29% to 4,764.8 $ETH from 6,668.8 $ETH.
Quantum’s board raised the cumulative sale limit to 4,375 $ETH from 1,875 $ETH through Oct. 30, leaving it authorized to sell another 2,471 $ETH. Using the full limit would mean disposing of nearly 66% of the holdings it reported in June.
Of its remaining $ETH, 3,050 tokens are pledged as collateral to an unnamed Singapore financial-services firm, while 1,714.8 $ETH remain in a trading account. +
Based on the companies’ latest disclosures, the sale also cost Quantum its position as Japan’s largest listed $ETH holder. Def Consulting reported holding 4,976 $ETH as of June 30.
Quantum plans to use the proceeds for data center deposits, GPU servers, networking equipment and working capital. It signed a nonbinding agreement with Hong Kong-based Integrated Capital in June to explore a Japanese data center, though no investment amount, financing terms or timetable has been set.
Separately, NYSE American-listed Hyperscale Data said it monetized about 100 $BTC and established a bitcoin-backed credit facility carrying an expected variable interest rate of 4.5% to 5%.