QMMM Holdings (QMMM) shares increased by more than 1,200% on Tuesday after the company’s report of strategic rotation to cryptocurrency and AI drive Blockchain solutions. The digital media company in Hong Kong plans to set up a $ 100 million cryptocurrency treasury to Bitcoin (BTCUSD), Ethereum (Ethusd) and Solana (Solusd), launching the Cryptocurrency Autonomous Ecosystem, which combined artificial intellect (AI) with Blockchain.
Ambitious development includes the creation of a decentralized data market, which is used by AI -oriented analysis, helping merchants to make reasonable investment decisions. In addition, the QMMM platform aims to support automatic Dao Treasury control agents, strengthen the Metavers’ experience and detect intellectual vulnerabilities.
CEO BUN KWAI emphasized the QMMM position at the forefront of the Web3 Transformation, quoting the growing global admission of digital assets. QMMM plans to allocate treasury funds in high quality cryptocurrencies, Web3 infrastructure projects and top quality property assets.
The Digital Media Advertising Business, set by QMMM, shows a disturbing decline and reduces revenue to $ 2.7 million. USD in Fiscal 2024. (After September) from $ 3.56 million. USD 2021. Its sales have fallen to $ 1.88 million in the last 12 months. USD.
QMMM operates minimal, serving 20 advertisers with just 22 employees at the age of 18. It means stagnation, not growth in their main competence.
The turn of cryptocurrency Treasury control and AI Blockchain solutions disconnected from the reality of QMMM activity. The company, which earns less than $ 2 million annually, promises a $ 100 million cryptocurrency treasury, raises questions about financial validity and reliability of management. QMMM does not provide any evidence of important experience in cryptocurrency trading, blockchain development or artificial intelligence analysis.
As a company controlling the Cayman Islands, operating through Hong Kong’s subsidiaries, QMMM is facing the uncertainty of regulation. The company recognizes that changing China’s maintenance can lead to a “worthless” campaign or forced to make fundamental changes in activity. This structural vulnerability poses a significant risk for already speculative investment.