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Quantum Solutions loses top Japan ETH treasury spot after $1.9 million sale
The sale cut the firm’s ETH treasury holdings by 28.6% since mid-June and followed an earlier transaction.
Quantum Solutions has lost the top spot in Japan’s Ethereum treasury ranking after selling additional ether worth $1.9 million, according to The Block.
The outlet said the two sales reduced Quantum’s ETH treasury holdings by 28.6% since mid-June.
As a result, the firm ceded its position as the leading Japan-based holder of ETH treasuries.
The Block framed the change as part of a continued reduction in Quantum’s ether reserves.
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