10.09.2025 02:07

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Shares of QMMM Holdings, a digital advertising company, experienced an extraordinary surge, climbing almost 1,750% following the revelation of their new digital asset treasury plan, according to internet sources. This strategic shift involves the creation of a $100 million fund primarily dedicated to Bitcoin, Ethereum, and Solana.

As reported by internet sources, the Nasdaq-listed company (QMMM) witnessed its stock price surge even further earlier in the day, reaching a peak increase of over 2,300% before settling to a still-remarkable 1,736% gain by market close, ending the day at $207 per share. This remarkable climb occurred in the wake of the company's announcement of its digital asset treasury initiative.

In a released statement, QMMM CEO Bun Kwai articulated the company's perspective, noting the rapid global integration of digital assets and blockchain technology. He emphasized that QMMM's foray into this domain signifies their dedication to technological advancement and their aspiration to connect the digital realm with tangible, real-world applications.

While the company aims to launch the treasury with $100 million, internet resources indicate that details regarding the funding mechanism remain undisclosed. Examination of the company's SEC filings reveals that as of September 30, 2024, QMMM possessed approximately $497,993 in cash and cash equivalents while having reported a net loss of $1,580,198 during the same fiscal year.

Besides the treasury, QMMM plans to broaden its investment scope to encompass Web3 infrastructure endeavors and premium equity assets aligned with their overall strategy, in addition to "high-quality cryptocurrency assets," as per their statement. Information from internet resources indicates that inquiries regarding the selection criteria for these additional assets and the precise funding sources for the treasury have not yet been addressed by the company. The Hong Kong-based company has further intentions to...