Unlock the Secrets of Ethical Hacking!
Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!
Enroll now and gain industry-standard knowledge: Enroll Now!
Shares of crypto-linked companies diverged sharply on Tuesday, with Hong Kong’s QMMM Holdings rocketing more than 1,700% after unveiling a blockchain strategy, while Canada’s Sol Strategies tumbled 42% in its Nasdaq debut.
QMMM, a Hong Kong–based investment holding company, said Tuesday it will integrate artificial intelligence with blockchain to build a platform combining crypto analytics and a Web3 autonomous ecosystem. The firm also plans to establish a “diversified cryptocurrency treasury” focused on Bitcoin (BTC), Ether (ETH) and Solana (SOL).
QMMM’s stock performance shot through the roof after the announcement, rising over 2,100% before closing its Nasdaq trading up 1,737%.
Meanwhile, Sol Strategies, a Canadian Solana treasury and staking company, saw its stock move in the opposite direction. Newly listed on the Nasdaq, its shares plunged 42% on Tuesday. Trading on the Canadian Securities Exchange fared slightly better but still dropped by 16%.
“While share prices can fluctuate, our approach centers on what we call our DAT++ model,” Sol Strategies CEO Leah Wald told Cointelegraph. “We remain focused on building long-term value through disciplined execution of our business strategy.”
In June, Sol Strategies reported a Q2 net loss of $3.5 million. However, it increased its validator and staking revenue, selling large chunks of its BTC holdings for SOL and Sui (SUI).
Related: Metaplanet, Semler Scientific were ‘zombie companies’ until Bitcoin, execs say
Crypto companies have mixed one-month results
Publicly traded crypto companies, especially those relying on crypto treasuries, have had mixed results over the past month.
Solana treasury company Upexi’s share price has dropped 2.1% in the past month, while the share price of DeFi Development Corp., another Solana treasury company, has seen a rise of 13.2%.
Metaplanet, a Bitcoin treasury company based in Japan, has seen a drop of 37% in its share price over the past 30 days, despite its continued buying of Bitcoin, and recent shareholder approval to pursue its crypto accumulation strategy.
Strategy, the first company to deploy a crypto strategy, has also seen a drop-off, with its share price falling 18% in the last month.
Magazine: How Ethereum treasury companies could spark ‘DeFi Summer 2.0’
Unlock the Secrets of Ethical Hacking!
Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!
Enroll now and gain industry-standard knowledge: Enroll Now!
0 Comments