Ethereum Updates: Quantum Solutions' ETH Holdings Reflect Gold's Rise as DATs Ease

Quantum Solutions, a Japanese company specializing in artificial intelligence, has increased its

(ETH) assets by purchasing an extra 2,000 tokens, bringing its total ETH holdings to 3,865 with an estimated value of $15.1 million, as reported by . The acquisition, completed by its Hong Kong-based subsidiary GPT Pals Studio on October 21, now ranks the company as the 11th-largest ETH holder worldwide and the second-largest outside the United States, . This purchase, financed through external loans and recent equity sales, highlights Quantum Solutions’ commitment to building its digital asset reserves for long-term growth, .

The company’s share price has climbed 17% since the start of the year, reflecting growing investor confidence as it continues to aggressively acquire ETH. Francis Zhou, the founder of Quantum Solutions, highlighted the importance of this achievement, noting the company’s intention to "speed up accumulation" of ETH, with daily purchases reaching 150 million yen (about $983,000), according to TradingView. The company also holds a smaller amount of

(BTC), with 11.6 BTC valued at $1.3 million.

Quantum Solutions’ growing ETH reserves have drawn comparisons to U.S. firms such as BitMine, which holds the world’s largest ETH treasury. The company’s $180 million fundraising round, led by ARK Invest and Susquehanna International Group, demonstrates institutional trust in its approach, according to Crypto.news. Cathie Wood of ARK Invest described Quantum Solutions as Japan’s first institutional-level ETH treasury, indicating a significant change in the company’s asset allocation, Crypto.news reported.

Despite this, the overall market for digital asset treasuries (DATs) seems to be losing momentum. Quantum Solutions’ stock has dropped 28% over the last five days, and other publicly listed crypto holders have also experienced falling valuations as investor excitement cools, Crypto.news noted. Experts are split on whether the DAT model is sustainable, with some warning of a potential "bubble burst" as leading crypto companies see their share prices decline, TradingView observed.

The direction of Ethereum’s price continues to be closely watched by investors. An analysis by

points to a possible rise toward $4,440. Major institutional investors, including BitMine, have acquired $250 million worth of ETH, following a strategy similar to MicroStrategy’s approach with Bitcoin, the Brave New Coin analysis noted. Analysts also point out that Ethereum’s correlation with gold increased to 0.7 in the third quarter of 2025, influenced by ETF inflows and the expansion of DeFi.

Prediction platforms like Myriad show strong optimism, with 65.5% of participants betting that ETH will exceed $5,000 before gold does,

. Although gold’s market capitalization is much larger (around $28 trillion), making it less volatile, Ethereum’s price swings and lower market cap could allow it to rise more quickly, Decrypt said. Well-known crypto analyst @IamCryptoWolf has compared Ethereum’s current price movements to those of Tesla and gold in the past, suggesting a multi-phase rally is underway, as .

Quantum Solutions’ deliberate ETH accumulation strategy positions it as a significant player in the changing DAT sector. As the company looks to expand further, its future performance may depend on overall market trends, regulatory shifts, and its ability to maintain investor trust as the DAT market cools, according to Crypto.news.