QMMM Stock Jumps 1,737% After $100M Crypto Treasury Announcement

TheCryptoTimesОпубліковано о 2025-09-10Востаннє оновлено о 2025-09-10

Shares of crypto-linked companies moved in opposite directions on Tuesday, with Hong Kong’s QMMM Holdings making headlines after announcing a $100 million digital treasury anchored by Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). QMMM’s stock surged over 2,100% during the day, closing up 1,737% on Nasdaq.

The investment holding company revealed plans to integrate artificial intelligence (AI) with blockchain to create a platform combining crypto analytics and a Web3 autonomous ecosystem. Alongside, QMMM will build a “diversified cryptocurrency treasury” focusing on BTC, ETH, and SOL.

Qmmm Holdings Ltd Price Chart, Source: Google Finance — Source: Google Finance

Sol Strategies Shares Drop

The announcement captured investor attention and sparked the massive rally in the company’s shares. Meanwhile, not all crypto-linked stocks fared well. Canadian company Sol Strategies, a newly listed Solana treasury and staking firm, saw its Nasdaq shares plunge 42% on Tuesday. Even on the Canadian Securities Exchange, its shares fell 16%.

CEO Leah Wald emphasized the company’s long-term vision, saying their DAT++ model focuses on building sustained value through disciplined execution, despite short-term price swings.

Sol Strategies reported a $3.5 million net loss in Q2 but boosted its staking and validator revenue while converting a significant portion of its Bitcoin holdings into SOL and Sui tokens.

Crypto Companies Show Mixed Result

The trend indicates a two-sided month in crypto-related public firms. Solana-focused Upexi dropped 2.1% over the last month, while DeFi Development Corp., another Solana treasury, gained 13.2%.

Japan’s Bitcoin treasury firm Metaplanet fell 37% despite ongoing Bitcoin accumulation and shareholder approval for a crypto-focused strategy. The first company to adopt a public crypto strategy was Strategy, whose share price fell 18% over the same period.

The volatile market shows how investors react sharply to crypto innovation news. While QMMM rode the hype of AI and blockchain integration, other firms experienced pressure from financial performance and market sentiment.

Also Read: Metaplanet raises $1.4B to fuel major Bitcoin buy

Follow The Crypto Times on Google News to Stay Updated!

Пов'язані матеріали

‘Halt is not okay’ – All about Base and its consensus problem

Base, a Coinbase-incubated Ethereum Layer 2 (L2) network, experienced a significant consensus issue for nearly 48 hours, halting deposit and withdrawal functions. The problem began on June 25th when an invalid block was sequenced, leading to "unhealthy" mainnet block production. While withdrawals were partially degraded, deposits faced a "major outage." Base co-founder Jesse Pollak assured users that all funds were safe but emphasized that such a chain halt is unacceptable, vowing to improve the platform's reliability for 24/7 global finance. This disruption occurs as Base aims to expand into tokenized asset lending and borrowing, despite having achieved substantial growth with over $184M in cumulative revenue and $4B in Total Value Locked (TVL). The incident's impact on user confidence remains to be seen.

ambcrypto54 хв тому

‘Halt is not okay’ – All about Base and its consensus problem

ambcrypto54 хв тому

Mantle loses key long-term support as selling volume surges 44%

The cryptocurrency market experienced a significant downturn, with Bitcoin dropping 8.6% and Mantle (MNT) falling sharply by 21.6%. MNT's daily trading volume surged 44%, indicating strong selling pressure. The decline was influenced by macroeconomic news, specifically a rise in the PCE price index, which triggered a broader market sell-off. Technically, Mantle lost a critical long-term support level at $0.55 on its weekly chart, confirming a bearish trend. Analysis suggests the price could drop further toward the $0.319 support level. On shorter timeframes, the bearish structure remains intact. However, with the RSI deeply oversold, a price bounce is anticipated. Traders are advised to wait for a potential rebound to the $0.526-$0.556 range to consider selling opportunities.

ambcrypto2 год тому

Mantle loses key long-term support as selling volume surges 44%

ambcrypto2 год тому

Why Is No One Buying DeFi Insurance?

"Why DeFi Insurance Remains Unpurchased" explores the paradox of decentralized finance insurance. While DeFi insurance promises automatic, unbiased payouts via smart contracts—eliminating traditional insurers' denial practices—it struggles to attract users. The core issue is economic viability. Premiums are prohibitively high relative to the yields from DeFi protocols. For example, insuring a deposit on Aave or Maple Finance can consume most or even all of the annual yield, leaving returns comparable to or worse than traditional savings. Only the safest protocols, like MakerDAO, offer affordable premiums. Furthermore, the DeFi insurance model is structurally fragile. Unlike traditional insurance where risks are uncorrelated, DeFi risks are highly interconnected (e.g., oracle failures, bridge hacks). A single major exploit can simultaneously threaten multiple protocols, potentially bankrupting the entire insurance pool, which holds only millions against billions in total value locked. The governance model also creates a conflict of interest. In platforms like Nexus Mutual, token holders who vote on claims risk their own capital if payouts are approved, incentivizing denials. Consequently, the market is tiny and shrinking. Nexus Mutual dominates with $81.56 million in assets, but the industry lacks the capacity to cover a catastrophic event like the $292M Kelp DAO hack. Other providers have dwindled or shut down. The article concludes that DeFi insurance faces a "tragedy of the commons": its stability requires widespread adoption, but individual users have no incentive to pay for it, as premiums destroy their yields. Current solutions involve preventative measures like bug bounties and seeking external capital from traditional reinsurance, acknowledging that on-chain capital alone is insufficient to cover on-chain risks.

marsbit2 год тому

marsbit2 год тому

Cardano Wallets Hit By SecondFi Exploit As Private Key Flaw Sparks Security Warning

SecondFi, previously linked to the Yoroi wallet, has halted services following a critical security flaw in its proprietary web-based wallet generation software. The vulnerability reportedly exposed private keys, leading to a significant theft of ADA tokens. Initial reports estimate losses of 16 million ADA (~$2.4M) from 374 wallets, while security firm SlowMist warns the broader impact could exceed 129 million ADA (over $20M). Crucially, the incident was confined to SecondFi's software; the Cardano blockchain protocol itself was not compromised. The core issue involves insecure private key generation, allowing attackers access to affected wallets. A primary warning for users is to avoid restoring compromised seed phrases into other wallets, as this would not resolve the underlying key exposure. Users are also cautioned against unverified recovery links or third-party refund platforms. The situation underscores that blockchain security extends beyond the protocol layer to include wallet software and key management. The community awaits a full post-mortem and confirmation of the final impact.

bitcoinist2 год тому

Cardano Wallets Hit By SecondFi Exploit As Private Key Flaw Sparks Security Warning

bitcoinist2 год тому

Strategy’s Bitcoin gamble turns sour: $14B loss raises fears of a deeper BTC fall

Bitcoin faces increasing bearish pressure, with potential for its first three consecutive negative quarters since 2022 following a 22% Q1 drop and a 12.2% Q2 decline. A negative Q3 would signal a shift toward a structural downtrend. Concerns center on Strategy's digital asset treasury (STRC), which has fallen nearly 25% this cycle. Strategy holds an estimated $14 billion in unrealized Bitcoin losses, raising doubts about its ability to sustain STRC's 11.5% dividend yield ($1.2B annually) and continue future Bitcoin purchases. This situation heightens the risk of deeper market capitulation, potentially pushing BTC lower.

ambcrypto3 год тому

Strategy’s Bitcoin gamble turns sour: $14B loss raises fears of a deeper BTC fall

ambcrypto3 год тому

Торгівля

Спот