Hong Kong stocks QMMM Holdings enter the encryption field! Plans to set up a $100 million digital asset treasury, with a daily stock price rise of over 1700%.

Hong Kong media company QMMM Holdings' stock price rose more than 1700% on Tuesday, setting a remarkable increase. This explosive rise is due to the company's announcement to enter the Crypto Assets field, planning to establish a digital asset treasury of up to 100 million dollars and launch an analysis platform driven by Blockchain and AI.

Behind the Big Pump of Stock Prices: Web3 Strategy and Digital Asset Treasury

• Stock price performance: According to Yahoo Finance data, QMMM Holdings' stock price surged during Tuesday's trading session, reaching as high as $207 at one point, although it later fell back to $88 in after-hours trading. Since its listing in June 2024, the company's market capitalization has increased to nearly $12 billion. This big pump is quite similar to Eightco's recent 3000% surge in stock price due to a similar crypto assets treasury plan.
• Crypto Assets Strategy: QMMM Holdings announced its grand Web3 plan in a press release. The company plans to establish a digital asset treasury with an initial scale of 100 million USD, primarily allocating to mainstream crypto assets such as Bitcoin, Ethereum, and Solana, while focusing on Web3 infrastructure projects and crypto assets with long-term value.
• Blockchain analysis platform: The company will also create a decentralized Crypto Assets analysis platform that utilizes AI, Blockchain, and data services to process vast amounts of on-chain data. This platform aims to provide valuable analytical tools for traders and institutions. Additionally, its ecosystem will also include automated intelligent agents capable of managing DAO treasuries, enhancing metaverse interactions, analyzing smart contract vulnerabilities, and assisting in code development.

Media Companies' "Encryption" Trend: A New Era Begins?

The move by QMMM Holdings reflects the industry trend of media companies increasingly turning to Blockchain finance.

• Industry precedent: In July this year, K Wave Media announced that it has raised $1 billion to establish a Bitcoin-centered treasury. In addition, Thumzup Media, associated with the Trump family, has also diversified its treasury assets to include XRP and Dogecoin.
• Strategic significance: These cases indicate that Crypto Assets are increasingly being regarded by media and entertainment companies as a strategic growth driver and balance sheet asset. Through its $100 million Crypto Assets treasury program, QMMM Holdings is expected to become a new hub in the Web3 space.

Conclusion

The surge in QMMM Holdings' stock price highlights the significant impact of crypto assets on the valuation of traditional enterprises. This shift reflects that cryptocurrency is evolving from a speculative asset class to being seen as a core driver of business growth and strategic transformation. However, the market's intense reaction to such news also serves as a reminder for investors to be cautious of the risks associated with highly speculative stock price fluctuations while chasing high returns.