Quantum Solutions, an information technology (IT) corporation listed on the Japan stock market, said on the 30th that it has raised a total of $180 million (about 250 billion won) in strategic investment from the United States' ARK Invest, among others.
In addition to ARK Invest, Nasdaq-listed Strategy and Susquehanna International Group, known as an early investor in TikTok, took part in the investment. IAM, a Hong Kong family office and the largest shareholder of Forbes Media, also contributed funds.
Based on this fundraising, Quantum Solutions plans to introduce Japan's first Ethereum (ETH)-based "treasury strategy." A treasury strategy refers to corporations stockpiling and managing cash or cryptocurrency and other asset to generate revenue.
According to the company, in the U.S. market, Ethereum-holding corporations such as Bitmine Immersion Technologies are valued at a price-to-book ratio (PBR) about three times higher than Bitcoin (BTC)-holding corporations. Quantum Solutions aims to secure more than 100,000 Ethereum.
A Quantum Solutions official said, "Through this strategy, we have secured the status of Japan's first 'Ethereum treasury listed company,'" and added, "This fundraising shows that global 'smart money' interest in Japan's capital markets is rising."
ARK Invest CEO Cathie Wood, who participated in the investment, said, "Ethereum is a core asset of future financial services and digital infrastructure," and added, "We are pleased to embark on developing an institutional-grade Ethereum custody in Japan with Quantum Solutions."
Quantum Solutions CEO Francis Zhou said, "Collaboration with an unprecedented combination of investors, including Cathie Wood, Susquehanna, and IAM, has enabled us to greatly accelerate the company's growth rate."