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Recently interesting news—Quantum Solutions, a Japanese publicly listed Ethereum treasury company favored by Cathie Wood, has quietly increased its holdings again. Officially disclosed data shows they bought an additional 187.53 ETH, bringing their total to 5418.32 ETH. Calculated, the average cost per ETH is $3,943, with an investment of $20.58 million. This holding size ranks 15th among all publicly listed Ethereum treasury companies—indicating that institutional attitudes toward ETH haven't changed; they are still accumulating. By the way, they also hold 11.6 BTC, so it seems they haven't missed out on Bitcoin either. From the actions of large institutions, the allocation logic for ETH and BTC remains quite consistent.