Crypto▲ Bullish
Quantum Solutions sells 1,000 ETH at 47% loss to fund AI data centers
Quantum Solutions sold 1,000 ETH at a 47% loss to fund AI data centers, while Hyperscale Data monetized 100 BTC and opened a bitcoin-backed credit line for its Michigan facility.
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Tokyo-listed Quantum Solutions (2338) sold 1,000 ETH for $1.9 million on July 30, taking a realized loss of about $100,970 against the position's May 31 carrying value, according to a company filing. The sale price of $1,903 per token was 47% below the $3,595.02 average acquisition cost Quantum reported in June.
The disposal is the second in six weeks. Quantum sold 904 ETH for $1.61 million on June 16 at $1,777 per token. Combined, the two sales raised roughly $3.51 million and cut the company's 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 the remaining ETH, 3,050 tokens are pledged as collateral to an unnamed Singapore financial-services firm, while 1,714.8 ETH sit in a trading account.