Quantum Solutions sells $1.9 million ETH as DATs wind down continues

• Quantum Solutions sold 1,000 ETH for $1.9 million to fund its AI infrastructure business.
• The company increased its authorized Ethereum sales limit to 4,375 ETH, leaving room for further divestments through October 30.
• DATs continue to face pressure from declining crypto prices.

Ethereum (ETH) treasury Quantum Solutions said on Thursday that it is pivoting toward an AI infrastructure and data center business after selling 1,000 ETH for approximately $1.9 million. The sale was executed through the company's Hong Kong subsidiary, GPT Pals Studio Limited, according to disclosures. The transaction follows an earlier sale in recent weeks, bringing Quantum Solutions' total ETH divestments to 1,904 ETH.

Quantum Solutions downscales ETH treasury to support AI infrastructure business

The company held 6,668.8 ETH at its peak in early June. Following the latest sale, its holdings have fallen to 4,765 ETH. The reduction also means Quantum Solutions has lost its position as Japan's largest corporate ETH treasury holder to Def Consulting, which holds approximately 4,976 ETH, according to Bitcoin Treasuries data.

Quantum Solutions stated that proceeds from the latest sale will be used to support its AI Infrastructure and Data Center (AIDC) business. The funds are expected to cover data center agreements, GPU equipment purchases and related working capital requirements as the company expands its high-performance computing operations.

The latest transaction was conducted at an average price of approximately $1,903 per ETH. Quantum Solutions 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.

The company has also increased the authorized limit for group-wide ETH sales. The cumulative ceiling was raised from 1,875 ETH to 4,375 ETH, allowing the company to conduct additional sales, with an October 30 deadline.

The company has not indicated that it plans to fully exit its ETH holdings. Instead, future sales are expected to depend on market conditions, funding requirements and the progress of its AIDC projects. The shift also comes as other companies continue to shift from crypto-focused treasury models due to the wider crypto market's weakness.

In February, ETHZilla pivoted from its Ethereum treasury strategy and rebranded as Forum Markets. The company said it would no longer rely on crypto holdings as the foundation of its business after shifting toward tokenized real-world assets (RWA). The rebrand followed the reported exit of Peter Thiel's Founders Fund from its position in the company.

ETH is trading at $1,906, down 0.2% over the past 24 hours at the time of writing.