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QMMM Plunges After 1,700% Surge on $100 Million Crypto‑Treasury Pivot

Investors question how the company will finance the plan given scant cash and a recent annual loss.

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Inside QMMM’s bold gamble: Bitcoin, Web3, and a 1,700% stock rally
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Overview

  • The stock fell about 39% to $66.90 on Thursday afternoon, well below Tuesday’s $303 intraday peak, according to Benzinga data.
  • QMMM announced a $100 million cryptocurrency treasury targeting Bitcoin, Ethereum and Solana as part of a sweeping strategic shift.
  • The company also outlined a crypto‑autonomous ecosystem featuring AI‑driven analytics and a decentralized data marketplace for traders.
  • Shares closed Tuesday up 1,736% at $207 before sliding roughly 59% in after‑hours trading as profit‑taking and risk reassessment set in.
  • Public filings show about $497,993 in cash and a $1.58 million net loss, with no disclosed funding source for the treasury, as peers show mixed outcomes such as Sol Strategies’ 42% drop on its Nasdaq debut.