ARK Invest supports the largest quantum solutions related to treasury ether in Japan

ARK Invest-backed Quantum Solutions has become the largest vault of Ether digital assets outside the United States after raising $9 million worth of ETH in a week.

Quantum Solutions founder Francis Zhou announced the company’s latest purchase of Ether (ETH) on Thursday.

“I am proud to announce that we have raised 2,365 ETH in just seven days, officially making Quantum Solutions the largest ETH DAT outside the United States.” he said Zhou, adding that more Ether purchases are coming.

Business he said became the leading Japanese listed Ether DAT and the 11th largest in the world, quoting data from CoinGecko.

Quantum Solutions also has a miniature Bitcoin (BTC) vault containing 11.6 BTC worth $1.3 million.

Last week, Zhou he said that the company was acquiring ETH at a rate of 150 million yen ($983,000) per day “and will continue to accelerate accumulation.”

The company currently holds 3,866 ETH worth approximately $14.8 million, According to to your website.

Within a week, Quantum Solutions had raised $9 million worth of ether. Source: Francis Zhou

ARK Invest supports ETH treasury bonds

The Tokyo-listed company raised $180 million in overdue September to build a 100,000 ETH vault and was backed by venture firms including ARK Invest and Susquehanna International Group.

Japan remains open to listed DATs, but other exchanges in the region, including Hong Kong, India and Australia, have begun restricting them.

“Three months after the DAT revolution, we are happy to support Japan’s first institutional-grade ETH DAT,” ARK Invest founder and CEO Cathie Wood he said on Thursday.

ARK Invest also invested in BitMine this year led by Tom Lee, which is the world’s largest Ether DAT. It added the company’s shares to its three innovation and fintech funds for the first time in September.

Related: BitMine’s Lee says Ether’s “price shift” is a buying signal

THIS momentum is frigid

However, the buzz around the digital asset treasury appears to be waning as share prices of some of the world’s largest cryptocurrency holders have fallen in recent weeks.

Last week, Tom Lee questioned whether the DAT bubble had burst, while researchers at 10x Research stated: “The era of financial magic is ending for Bitcoin treasuries.”

However, Lee is aggressively buying the dip after the record cryptocurrency market crash earlier this month.

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