Quantum Solutions dumps 1,000 ETH to fund Nvidia GPU buildout

Quantum Solutions sold 1,000 ETH for around $1.9 million, and lost its status as Japan’s largest corporate holder of Ether. Def consulting is now at the top spot. The money is earmarked for the company’s buildout of an AI data center.

Quantum swaps either for Nvidia GPUs

The disposal was recorded by the Tokyo-listed technology firm via its subsidiary GPT Pals Studio on July 30, according to a company filing. On average, the tokens sold for $1,903 each. It was worth around 311 million yen, or $1.903 million.

The proceeds will go toward the company’s AI Infrastructure Data Center division, including GPU hardware. Target purchases include Nvidia’s B300 and GB300 chips, the physical backbone of the AI business Quantum has been building since June.

With the sale completed, Quantum now holds about 4,764.8 ETH. Def consulting has 4,976 ETH. And that puts Def at the forefront of publicly traded Ether holders in Japan.

GPT Pals had already dumped 904 ETH for ~$1.6 million on June 16. In less than two months, Quantum has sold 1,904 ETH in two sales. That’s around 29% of the 6,668.8 ETH it held before it began selling, and the treasury is down 28.6% since mid-June.

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