Quantum Solutions sells 1,000 ETH for AI infrastructure

Tokyo-listed technology firm Quantum Solutions has sold 1,000 Ethereum (ETH) for approximately $1.9 million to fund its expansion into artificial intelligence infrastructure. The sale, executed on July 30 through its subsidiary GPT Pals Studio Limited, reduces the company's crypto holdings and ends its status as Japan's largest publicly traded corporate holder of Ethereum.

The company sold the tokens at an average price of $1,903 each, raising about $1.903 million. The proceeds are earmarked for Quantum Solutions' AI Infrastructure Data Center (AIDC) business, specifically for GPU hardware purchases, data center usage agreements, and related operating costs. The company has indicated it is targeting Nvidia's B300 and GB300 chips for its AI operations.

This transaction marks the second major sale in less than two months. On June 16, GPT Pals sold 904 ETH for about $1.6 million. Combined, the two disposals total 1,904 ETH, representing a reduction of roughly 28.6% from the 6,668.80 ETH the company held before the first sale in mid-June.

Following the July 30 sale, Quantum Solutions' Ethereum treasury stands at approximately 4,764.80 ETH. This places the company behind Def...