NewsMV
A second ether sale by Quantum Solutions has cost the firm its standing as Japan's top corporate $ETH treasury holder.
On-chain data tied to the reported transactions shows two sales since mid-June have drawn the company's ETH treasury position down by 28.6%. The firm has now ceded that ranking.
The sell-down in numbers The latest transaction came in at $1.9 million.
Paired with the prior sale, the two moves account for a 28.6% reduction in Quantum's ETH holdings since mid-June, enough to push the firm out of first place among Japanese companies holding ether on the balance sheet.
Keep reading