Shares of Hong Kong–based media company QMMM Holdings (QMMM) surged as much as 2,300% on Tuesday before closing 1,737% higher at $207 on Nasdaq. The rally followed the company’s announcement of a $100 million digital asset treasury anchored by Bitcoin, Ethereum, and Solana. The extraordinary stock move underscored retail-driven momentum and speculation, though volatility quickly reappeared. Its shares dropped nearly 50% in after-hours trading to around $105. QMMM Crypto Treasury Anchored by Bitcoin, Ethereum, and Solana QMMM Holdings is a Hong Kong–based and Nasdaq-listed digital advertising and media firm now pivoting to blockchain and AI. As announced on Tuesday, the company confirmed it will build a diversified $100 million digital asset treasury across Bitcoin, Ethereum, and Solana. Bitcoin will be the cornerstone of its resilience and market credibility. Ethereum’s smart contract architecture is expected to power AI-driven agents and decentralized applications, while Solana’s speed and scalability will support real-time analytics, metaverse interactions, and Web3 infrastructure. The company’s January SEC filing showed only $497,993 in cash and a net loss of $1.58 million for fiscal 2024, leaving questions over how QMMM will finance its crypto accumulation. No further funding details were disclosed, and representatives did not respond to requests for clarification. QMMM Stock Performance Over the Past Day / Source: Google Finance From Digital Media to Web3 Autonomous Ecosystem Previously a digital advertising business, QMMM has recast itself as a blockchain-native firm. It announced plans for a decentralized data marketplace that uses AI-driven analytics to support investors, developers, and creators. The company aims to provide DAO treasury management tools, smart contract vulnerability detection, and metaverse enhancements. “Our cryptocurrency initiatives, combined with our expertise in AI and digital platforms, are designed to create sustainable value for our stakeholders while reinforcing our role as a forward-looking technology company,” CEO Bun Kwai said in a statement. Mr. Bun Kwai, founder of QMMM, became CEO and Chairman in June 2023 after years of leading subsidiaries. He holds a bachelor’s degree in digital graphic communication from Hong Kong Baptist University. Analysts, Including Benzinga, Call It “Narrative-Driven Upside” QMMM’s explosive surge outpaced moves across the sector, diverging from Canadian peer Sol Strategies, which fell 42% in its Nasdaq debut the same day. Analysts noted the speculative nature of QMMM’s valuation jump, with Benzinga reporting one description as “narrative-driven upside” tied to crypto adoption rather than fundamentals. Despite the initial enthusiasm, shares retraced heavily in after-hours trading, reflecting broader investor caution. With minimal institutional coverage and limited financial transparency, QMMM remains a high-risk play. Its pivot signals ambition to lead in Web3, but execution risks and funding challenges leave its long-term trajectory uncertain.Shares of Hong Kong–based media company QMMM Holdings (QMMM) surged as much as 2,300% on Tuesday before closing 1,737% higher at $207 on Nasdaq. The rally followed the company’s announcement of a $100 million digital asset treasury anchored by Bitcoin, Ethereum, and Solana. The extraordinary stock move underscored retail-driven momentum and speculation, though volatility quickly reappeared. Its shares dropped nearly 50% in after-hours trading to around $105. QMMM Crypto Treasury Anchored by Bitcoin, Ethereum, and Solana QMMM Holdings is a Hong Kong–based and Nasdaq-listed digital advertising and media firm now pivoting to blockchain and AI. As announced on Tuesday, the company confirmed it will build a diversified $100 million digital asset treasury across Bitcoin, Ethereum, and Solana. Bitcoin will be the cornerstone of its resilience and market credibility. Ethereum’s smart contract architecture is expected to power AI-driven agents and decentralized applications, while Solana’s speed and scalability will support real-time analytics, metaverse interactions, and Web3 infrastructure. The company’s January SEC filing showed only $497,993 in cash and a net loss of $1.58 million for fiscal 2024, leaving questions over how QMMM will finance its crypto accumulation. No further funding details were disclosed, and representatives did not respond to requests for clarification. QMMM Stock Performance Over the Past Day / Source: Google Finance From Digital Media to Web3 Autonomous Ecosystem Previously a digital advertising business, QMMM has recast itself as a blockchain-native firm. It announced plans for a decentralized data marketplace that uses AI-driven analytics to support investors, developers, and creators. The company aims to provide DAO treasury management tools, smart contract vulnerability detection, and metaverse enhancements. “Our cryptocurrency initiatives, combined with our expertise in AI and digital platforms, are designed to create sustainable value for our stakeholders while reinforcing our role as a forward-looking technology company,” CEO Bun Kwai said in a statement. Mr. Bun Kwai, founder of QMMM, became CEO and Chairman in June 2023 after years of leading subsidiaries. He holds a bachelor’s degree in digital graphic communication from Hong Kong Baptist University. Analysts, Including Benzinga, Call It “Narrative-Driven Upside” QMMM’s explosive surge outpaced moves across the sector, diverging from Canadian peer Sol Strategies, which fell 42% in its Nasdaq debut the same day. Analysts noted the speculative nature of QMMM’s valuation jump, with Benzinga reporting one description as “narrative-driven upside” tied to crypto adoption rather than fundamentals. Despite the initial enthusiasm, shares retraced heavily in after-hours trading, reflecting broader investor caution. With minimal institutional coverage and limited financial transparency, QMMM remains a high-risk play. Its pivot signals ambition to lead in Web3, but execution risks and funding challenges leave its long-term trajectory uncertain.
QMMM Stock Soars 2,300% on $100M Crypto Treasury Pivot
2025/09/10 10:41
Shares of Hong Kong–based media company QMMM Holdings (QMMM) surged as much as 2,300% on Tuesday before closing 1,737% higher at $207 on Nasdaq. The rally followed the company’s announcement of a $100 million digital asset treasury anchored by Bitcoin, Ethereum, and Solana.
The extraordinary stock move underscored retail-driven momentum and speculation, though volatility quickly reappeared. Its shares dropped nearly 50% in after-hours trading to around $105.
QMMM Crypto Treasury Anchored by Bitcoin, Ethereum, and Solana
QMMM Holdings is a Hong Kong–based and Nasdaq-listed digital advertising and media firm now pivoting to blockchain and AI. As announced on Tuesday, the company confirmed it will build a diversified $100 million digital asset treasury across Bitcoin, Ethereum, and Solana.
Bitcoin will be the cornerstone of its resilience and market credibility. Ethereum’s smart contract architecture is expected to power AI-driven agents and decentralized applications, while Solana’s speed and scalability will support real-time analytics, metaverse interactions, and Web3 infrastructure.
The company’s January SEC filing showed only $497,993 in cash and a net loss of $1.58 million for fiscal 2024, leaving questions over how QMMM will finance its crypto accumulation. No further funding details were disclosed, and representatives did not respond to requests for clarification.
QMMM Stock Performance Over the Past Day / Source: Google Finance
From Digital Media to Web3 Autonomous Ecosystem
Previously a digital advertising business, QMMM has recast itself as a blockchain-native firm. It announced plans for a decentralized data marketplace that uses AI-driven analytics to support investors, developers, and creators. The company aims to provide DAO treasury management tools, smart contract vulnerability detection, and metaverse enhancements.
Mr. Bun Kwai, founder of QMMM, became CEO and Chairman in June 2023 after years of leading subsidiaries. He holds a bachelor’s degree in digital graphic communication from Hong Kong Baptist University.
Analysts, Including Benzinga, Call It “Narrative-Driven Upside”
QMMM’s explosive surge outpaced moves across the sector, diverging from Canadian peer Sol Strategies, which fell 42% in its Nasdaq debut the same day.
Analysts noted the speculative nature of QMMM’s valuation jump, with Benzinga reporting one description as “narrative-driven upside” tied to crypto adoption rather than fundamentals.
Despite the initial enthusiasm, shares retraced heavily in after-hours trading, reflecting broader investor caution. With minimal institutional coverage and limited financial transparency, QMMM remains a high-risk play. Its pivot signals ambition to lead in Web3, but execution risks and funding challenges leave its long-term trajectory uncertain.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Asia’s Largest Web3 Event TOKEN2049 Exclusively Unveils NFT Assets Valued Over US$100 Million
Immersive, first-of-its-kind OP3N WHALE NFT Exhibition showcases works presented to the public for the very first time.
Share
2022/09/23 10:38
Share
After the interest rate cut, how far can the institutional bull market go?
The dominant force in this cycle comes from institutions. The four major cryptocurrencies, BTC, ETH, SOL, and BNB, have all hit new highs, but only BTC and BNB have continued to rise by over 40% since breaking through their all-time highs. SOL achieved a breakout earlier this year thanks to Trump's coin launch, while ETH experienced a revaluation mid-year driven by DAT buying, but neither has yet reached a new high. The Federal Reserve cut interest rates last night. How far can this round of institutional-led market trends go? 1. The institutional configuration logic of the three major currencies The positioning of crypto assets directly determines their long-term value, and different positioning corresponds to different institutional configuration logic. Bitcoin: The anti-inflation property of digital gold Positioned as "digital gold," its long-term logic is strongly tied to the fiat currency inflation cycle. Data shows that its market capitalization growth is synchronized with Global M2 and negatively correlated with the US dollar index. Its core value lies in its "inflation resistance" and value preservation and appreciation, making it a fundamental target for institutional investment. Ethereum: The Institutional Narrative Dividend of the World Computer Positioned as the "World Computer," although the foundation's "Layer 2 scaling" narrative has failed to gain traction in the capital market, its stable system, with 10 years of zero downtime, has capitalized on the development of institutional narratives such as US dollar stablecoins, RWAs, and the tokenization of US stocks. It has shrugged off the collapse of the Web3 narrative, and with the crucial push from DAT, has achieved a revaluation of its market capitalization. Ethereum, with its stability and security, will become the settlement network for institutional applications. Solana: The Active Advantage of Online Capital Markets Positioned as an "Internet Capital Market," Solana (ICM) stands for on-chain asset issuance, trading, and clearing. It has experienced a resurgence following the collapse of FTX. Year-to-date, it accounts for 46% of on-chain trading volume, with over 3 million daily active users year-round, making it the most active blockchain network. Solana, with its superior performance and high liquidity, will be the catalyst for the crypto-native on-chain trading ecosystem. The three platforms have distinct positioning, leading to different institutional investment logic. Traditional financial institutions first understand the value of Bitcoin, then consider developing their institutional business based on Ethereum, and finally, perhaps recognize the value of on-chain transactions. This is a typical path: question, understand, and become a part of it. Second, institutional holdings of the three major currencies show gradient differences The institutional holdings data of BTC, ETH, and SOL show obvious gradient differences, which also reflects the degree and rhythm of institutions' recognition of these three projects. Chart by: IOBC Capital From the comparison, we can see that institutional holdings of BTC and ETH account for > 18% of the circulating supply; SOL currently only accounts for 9.5%, and there may be room for replenishment. 3. SOL DAT: New Trends in Crypto Concept Stocks In the past month or so, 18 SOL DAT companies have come onto the scene, directly pushing SOL up by more than 50% from its August low. The louder SOL DAT company: Chart by: IOBC Capital Among the existing SOL DAT companies, Forward Industries, led by Multicoin Capital founder Kyle Samani, may become the SOL DAT leader. Unlike BTC DAT, which simply hoards coins, many SOL DAT companies will build their own Solana Validators, so that this is not limited to the "NAV game". Instead of simply waiting for token appreciation, they will continue to obtain cash flow income through the Validator business. This strategy is equivalent to "hoarding coins + mining", which is both long-term and profitable in the short term. 4. Crypto Concept Stocks: A Mapping of Capital Market Betting Crypto concept stocks are a new bridge between traditional capital and the crypto market. The degree of recognition of various Crypto businesses by the traditional financial market is also reflected in the stock price performance of crypto concept stocks. Chart by: IOBC Capital Looking back at the crypto stocks that have seen significant gains this round, we can see two common characteristics: 1. Only by betting big can a valuation reassessment be achieved. There are 189 publicly listed companies holding BTC, but only 30 hold 70% of their stock market capitalization, and only 12 hold more than 10,000 BTC—and these 12 have seen significant gains. A similar pattern is observed among listed ETH DATs. A superficial DAT strategy can only cause short-term stock price fluctuations and cannot substantially boost stock market capitalization or liquidity. 2. Business synergy can amplify commercial value. Transforming a single-point business into a multifaceted industry chain layout can amplify commercial value. For example, Robinhood, through its expansion into cryptocurrency trading, real-world asset trading (RRE), and participation in the USDG stablecoin, has formed a closed-loop business cycle for capital flow, leading to record highs in its stock price. Conversely, while Trump Media has also invested heavily in crypto (holding BTC, applying for an ETH ETF, and issuing tokens like Trump, Melania, and WLFI), the lack of synergy between its businesses has ultimately led to a lackluster market response to both its stock and its token. Ending The project philosophies of Bitcoin, Ethereum, and Solana correspond to three instincts of human beings when facing the future: survival, order, and flow.
Share
2025/09/18 19:00
Share
JPMorgan forex blockchain: Siemens, B2C2 enable 24/7 USD/GBP/EUR
The jpmorgan forex blockchain is now used by Siemens and B2C2 to pilot near-instant, 24/7 cross-border forex settlement in USD, GBP and EUR.
Share
2025/10/22 17:27
Share