Overview

• Shares closed up 1,736% at $207 after touching an intraday high near $303, then dropped about 59% in after-hours trading, according to Benzinga Pro data.
• QMMM said it will create a $100 million digital-asset treasury initially focused on Bitcoin, Ethereum and Solana.
• The company also outlined a “crypto-autonomous ecosystem” with a decentralized data marketplace using AI-driven analytics for investment decisions.
• An SEC filing from January reported roughly $497,993 in cash and a $1.58 million net loss for the last fiscal year, leaving funding for the treasury unspecified.
• The outsized swing contrasted with varied outcomes for peers, including Sol Strategies, which fell about 42% on its Nasdaq debut the same day.