QMMM Soars 1,700% While Sol Strategies Plunges 42%—Crypto Treasury Bets Diverge Sharply
Publicly traded firms reveal contrasting fortunes with digital asset strategies
Crypto-linked stocks delivered wildly different outcomes on Tuesday. Hong Kong’s QMMM Holdings surged 1,737% on Nasdaq after unveiling a plan to integrate AI with blockchain and establish a diversified crypto treasury focused on Bitcoin, Ether, and Solana. The stock briefly spiked over 2,100% intraday before closing near record highs.
By contrast, Canada’s Sol Strategies crashed 42% in its Nasdaq debut, while also dropping 16% on the Canadian Securities Exchange. Despite reporting higher validator and staking revenue, the firm posted a $3.5 million net loss in Q2 and shifted holdings from BTC into SOL and Sui.
Other crypto treasury companies also show mixed results. Japan’s Metaplanet saw shares slide 37% in a month despite continuing its Bitcoin accumulation strategy. Solana treasury firm Upexi dropped 2.1%, while DeFi Development Corp gained 13.2%.
The sharp divergence highlights how volatile—and uneven—the performance of publicly traded crypto treasury firms can be in the current market.
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