TLDR
- QMMM pivots to AI blockchain, stock soars 1,736% before steep after-hours dip
- QMMM unveils $100M crypto treasury, anchored by Bitcoin for stability
- Ethereum powers QMMM’s AI-driven smart contracts, fueling Web3 expansion
- Solana chosen by QMMM for fast, scalable metaverse and NFT integrations
- QMMM bets big on AI + blockchain, eyeing DeFi, metaverse, and global growth
QMMM Holdings Limited(QMM) shares surged by 1,736.73% during intraday trading on September 9, closing sharply higher at $207.00. However, the stock fell by 48.33% in after-hours trading, settling at $106.95.
This extreme volatility followed the company’s official announcement of its strategic entry into the cryptocurrency sector.
The Hong Kong-based digital media firm has now pivoted toward AI-driven blockchain solutions. It revealed plans for a next-gen crypto analytics platform integrated with artificial intelligence and smart contract tools. This marks a significant change in the company’s business model and technology direction.
QMMM stated that its new platform would offer decentralized data processing for users, creators, and Web3 developers. The company’s goal is to create a full-stack crypto-autonomous ecosystem to support advanced blockchain use cases. These will include DAO treasury tools, code generation, vulnerability detection, and metaverse applications.
Bitcoin: Foundation of QMMM’s Crypto Treasury
QMMM announced it will anchor its new cryptocurrency treasury with Bitcoin, aiming to bring long-term stability and market credibility. The company sees Bitcoin as a secure asset class with proven resilience across multiple market cycles. It plans to allocate a significant portion of its $100 million crypto treasury to this asset.
QMMM intends to use it as the cornerstone of its asset diversification strategy, with Bitcoin’s strong track record. The digital currency’s established regulatory clarity and wide adoption serve the company’s need for trust and transparency. This strategic move is designed to support future blockchain integrations and market participation.
Bitcoin’s inclusion also allows QMMM to engage in high-value partnerships across the Web3 ecosystem. It positions the company among peers who utilize Bitcoin in infrastructure, decentralized finance, and institutional portfolios. QMMM aims to combine this with its AI capability to enhance the utility and analysis of Bitcoin transaction flows.
Ethereum: Smart Contract Integration and Utility Enhancement
Ethereum will serve as the backbone for QMMM’s planned smart contract and analytics functionalities. The company will rely on Ethereum’s programmable capabilities to power AI-driven agents and data processing tools, supporting its objective of enabling complex Web3 applications at scale.
By adopting Ethereum, QMMM gains access to the world’s most active decentralized app ecosystem. This positions the company to build AI-layered services atop Ethereum’s robust development tools and liquidity networks. Its planned crypto-autonomous agents will operate using Ethereum-based protocols and services.
Ethereum’s ecosystem allows QMMM to target both DeFi and metaverse extensions. These efforts align with its digital media and virtual avatar technologies. The company expects this synergy to create cross-platform value and widen its monetization streams.
Solana: Speed and Scalability for Virtual Ecosystem Expansion
Solana’s high throughput and low-cost structure make it a core component of QMMM’s crypto ecosystem plans. QMMM selected Solana to support fast, scalable experiences in its virtual platforms and real-time analytics tools, including avatar interactions, data querying, and gamified services.
The company believes Solana’s efficiency will help it meet the needs of high-traffic Web3 applications. This includes supporting digital wearables, NFT integration, and real-time asset tracking across its metaverse solutions. Its strategy leverages Solana to improve user engagement and network responsiveness.
QMMM also intends to collaborate with infrastructure providers building on Solana. These partnerships will enhance the company’s product performance while expanding its reach across global blockchain markets. Solana’s technical architecture supports the company’s ambition to operate at scale while controlling operational costs.
