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Shares of crypto-linked companies diverged sharply on Tuesday, with Hong Kong’s QMMM Holdings rocketing more than 1,700% after unveiling a blockchain strategy, while Canada’s Sol Strategies tumbled 42% in its Nasdaq debut.
QMMM, a Hong Kong–based investment holding company, <a href="https://www.globenewswire.com/news-release/2025/09/09/3147010/0/en/QMMM-Holdings-Ltd-QMMM-Announces-Strategic-Expansion-into-Cryptocurrency-and-Blockchain-AI-Solutions.html" rel="noopener noreferrer nofollow" target="https://www.globenewswire.com/news-release/2025/09/09/3147010/0/en/QMMM-Holdings-Ltd-QMMM-Announces-Strategic-Expansion-into-Cryptocurrency-and-Blockchain-AI-Solutions.html">said</a> Tuesday it will integrate artificial intelligence with blockchain to build a platform combining crypto analytics and a Web3 autonomous ecosystem. The firm also plans to establish a “diversified cryptocurrency treasury” focused on Bitcoin (<a href="/bitcoin-price" rel="noopener noreferrer nofollow" target="/bitcoin-price">BTC</a>), Ether (<a href="/ethereum-price" rel="noopener noreferrer nofollow" target="/ethereum-price">ETH</a>) and Solana (<a href="/solana-price-index" rel="noopener noreferrer nofollow" target="/solana-price-index">SOL</a>).
QMMM’s stock performance shot through the roof after the announcement, rising over 2,100% before closing its Nasdaq trading up 1,737%.
<figure><img alt="Crypto bets send QMMM up 1,700%, Sol Strategies down 42% on Nasdaq" src="https://s3.cointelegraph.com/uploads/2025-09/01993041-ed7b-71be-ac75-99e80e07a4db" title="">
 <figcaption style="text-align: center;">QMMM Holdings’ share price. Source: <a href="https://finance.yahoo.com/quote/QMMM/" rel="noopener noreferrer nofollow" target="_blank">Yahoo Finance</a>
 </figcaption>
</figure>
Meanwhile, Sol Strategies, a Canadian Solana treasury and staking company, saw its stock move in the opposite direction. <a href="https://cointelegraph.com/news/nasdaq-sol-strategies-listing-shares" rel="noopener noreferrer nofollow" target="https://cointelegraph.com/news/nasdaq-sol-strategies-listing-shares">Newly listed</a> on the Nasdaq, its shares plunged 42% on Tuesday. Trading on the Canadian Securities Exchange fared slightly better but still <a href="https://www.google.com/finance/quote/HODL:CNSX" rel="noopener noreferrer nofollow" target="https://www.google.com/finance/quote/HODL:CNSX">dropped</a> by 16%.
“While share prices can fluctuate, our approach centers on what we call our DAT++ model,” Sol Strategies CEO Leah Wald told Cointelegraph. “We remain focused on building long-term value through disciplined execution of our business strategy.”
<figure><img alt="Crypto bets send QMMM up 1,700%, Sol Strategies down 42% on Nasdaq" src="https://s3.cointelegraph.com/uploads/2025-09/01993042-afaa-72ab-a7e6-acae100b0b35" title="">
 <figcaption style="text-align: center;">Sol Strategies’ share price on the Nasdaq. Source: <a href="https://finance.yahoo.com/quote/STKE/" rel="noopener noreferrer nofollow" target="_blank">Yahoo Finance</a> 
 </figcaption>
</figure>
In June, Sol Strategies <a href="https://cointelegraph.com/news/sol-strategies-reports-q2-net-loss-staking-validating-revenue-surge" rel="noopener noreferrer nofollow">reported a Q2 net loss of $3.5 million</a>. However, it increased its validator and staking revenue, selling large chunks of its BTC holdings for SOL and Sui (<a href="/sui-price-index" rel="noopener noreferrer nofollow">SUI</a>).
Related: <a href="https://cointelegraph.com/news/metaplanet-semler-scientific-praise-microstrategy-bitcoin-strategy" rel="noopener noreferrer nofollow">Metaplanet, Semler Scientific were ‘zombie companies’ until Bitcoin, execs say</a>
<h2 id="crypto-companies-have-mixed-one-month-results">Crypto companies have mixed one-month results</h2>
Publicly traded crypto companies, especially those relying on crypto treasuries, have had mixed results over the past month.
Solana treasury company Upexi’s share price has <a href="https://www.google.com/finance/quote/UPXI:NASDAQ?window=1M" rel="noopener noreferrer nofollow" target="_blank">dropped</a> 2.1% in the past month, while the share price of DeFi Development Corp., another Solana treasury company, has <a href="https://www.google.com/finance/quote/DFDV:NASDAQ?window=1M" rel="noopener noreferrer nofollow" target="_blank">seen</a> a rise of 13.2%.
Metaplanet, a Bitcoin treasury company based in Japan, has seen a drop of 37% in its share price over the past 30 days, despite its <a href="https://cointelegraph.com/news/metaplanet-el-salvador-bitcoin-purchase-2025" rel="noopener noreferrer nofollow">continued buying of Bitcoin</a>, and recent shareholder approval to <a href="https://cointelegraph.com/news/metaplanet-shareholder-approval-bitcoin-funding-3-7b-raise" rel="noopener noreferrer nofollow">pursue its crypto accumulation strategy</a>. Strategy, the first company to deploy a crypto strategy, has also seen a drop-off, with its share price <a href="https://www.google.com/finance/quote/MSTR:NASDAQ?window=1M" rel="noopener noreferrer nofollow" target="_blank">falling</a> 18% in the last month.
Magazine: <a href="https://cointelegraph.com/magazine/eth-ethereum-treasury-firms-could-spark-defi-summer-2-0-race-for-yields/" rel="noopener noreferrer nofollow">How Ethereum treasury companies could spark ‘DeFi Summer 2.0’</a>

Crypto bets send QMMM up 1,700%, Sol Strategies down 42% on Nasdaq

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