The actions of the media company based in Hong Kong QMMM Holdings (QMMM) increased to 2,300% on Tuesday before closing 1,737% higher than $ 207 in Nasdaq. The rally followed the company’s announcement of a digital treasure of $ 100 million anchored by Bitcoin, Ethereum and Solana.
The extraordinary movement of actions underlined the impulse and speculation driven by retail trade, although volatility quickly reappeared. Their shares fell almost 50% in the negotiation outside the schedule to around $ 105.
QMMM Crypto Treasury anchored by Bitcoin, Ethereum and Solana
QMMM Holdings is a Hong The digital advertising firm and Kong -based digital advertising and that is quoted at Nasdaq now turn to Blockchain and AI. As announced on Tuesday, the company confirmed that it will build a treasure of diversified digital assets of $ 100 million in Bitcoin, Ethereum and Solana.
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Bitcoin will be the cornerstone of its resistance and credibility of the market. Ethereum’s intelligent contract architecture of AI and decentralized applications is expected, while the speed and scalability of Solana will admit real -time analysis, metaler interactions and web 3 infrastructure.
The presentation of the January SEC of the company showed only $ 497,993 in cash and a net loss of $ 1.58 million for fiscal year 2024, leaving questions about how QMMM will finance its accumulation of encryption. No more financing details were revealed, and the representatives did not respond to clarification requests.
From digital media to the autonomous web3 ecosystem
Previously a digital advertising business has been reformed as a native Blockchain company. He announced plans for a decentralized data market that uses AI -based analysis to support investors, developers and creators. The company aims to provide DAO Treasury management tools, vulnerability detection of intelligent contracts and metoverso improvements.
“Our cryptocurrency initiatives, combined with our experience in AI and digital platforms, are designed to create sustainable value for our interested parties while reinforcing our role as a technology company with a view of the future,” said CEO Bun Kwai in a statement.
Mr. Bun Kwai, founder of QMMM, became CEO and president in June 2023 after years of leading subsidiaries. He has a degree in digital graphic communication from the Baptist University of Hong Kong.
Analysts, including Benzinga, call it “narrative rise”
The explosive increase of QMMM surpassed the movements of the entire sector, diverging from the Canadian strategies of Sun Pares, which fell 42% in its debut in Nasdaq the same day.
The analysts noticed the speculative nature of the QMM MMM valuation jump, with Benzinga informing a description as “narrative rise” linked to cryptographic adoption instead of the foundations.
Despite the initial enthusiasm, the actions become strongly in the negotiation outside the schedule, which reflects the broader caution of investors. With minimal institutional coverage and limited financial transparency, QMMM remains a high -risk play. Its pivot indicates the ambition to lead on web3, but the risks of execution and financing challenges leave their long -term career uncertain.
