QMMM Holdings (QMMM) Skyrockets 3,000% to New High on Crypto Foray

We recently published 10 Stocks With Eye-Popping Gains — 1 Surges 3,000%. QMMM Holdings Ltd. (NASDAQ:QMMM) is one of the top performers on Tuesday.

Shares of QMMM Holdings skyrocketed by as much as 2,588 percent on Tuesday to hit a new all-time high following news that it was officially making a foray into the cryptocurrency sector.

During the session, QMMM Holdings Ltd. (NASDAQ:QMMM) jumped to its highest price of $303 before trimming gains to end the day just up by 1,736.73 percent at $207 apiece.

In a statement earlier in the day, the company said it was planning to establish a new diversified cryptocurrency treasury initially targeting Bitcoin, Ethereum, and Solana (SOL).

The treasury, which is expected to reach an initial scale of $100 million, will focus on high-quality cryptocurrency assets with long-term growth potential, Web3 ecosystem infrastructure projects, and global premium equity assets aligned with QMMM’s strategic vision.

Additionally, QMMM Holdings Ltd. (NASDAQ:QMMM) aims to connect data providers and consumers through a decentralized data marketplace powered by blockchain. Leveraging AI-driven analytics, the platform will be designed to process large volumes of data to assist traders in making informed investment decisions.

“QMMM’s entry into this space reflects our commitment to technological innovation and our vision to bridge the digital economy with real-world applications,” said CEO Bun Kwai.

“Through responsible development, regulatory compliance, and strategic ecosystem partnerships, we aim to position QMMM at the forefront of the Web3 transformation. Our cryptocurrency initiatives, combined with our expertise in AI and digital platforms, are designed to create sustainable value for our stakeholders while reinforcing our role as a forward-looking technology company,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.