Solana has crashed 6% amid a broader market pulldown, as liquidations spike.

Why is Solana down 6% over the past 24 hours?

Quantum Biopharma has purchased an additional $1 million worth of Bitcoin and 
other cryptocurrencies, the Canadian biotechnology company said.
The buys take Quantum&#8217;s total cryptocurrency holdings to approximately $4.5 
million, according to a May 19 press release. The biotech company plans to 
stake a portion of its crypto to generate revenue.
Quantum expects that holding a treasury of Bitcoin (BTC) and other crypto 
assets will &#8220;provide a return on investment for shareholders and […] provide 
some hedge against the Canadian dollar,&#8221; it said.
Shares of Quantum&#8217;s stock, QNTM, rose by approximately 25% following the 
announcement, according to data from Google Finance.
_Quantum Biopharma &#8216;s stock rose on the announcement. Source: __Google 
Finance_
 _**Related:**__**Basel Medical shares down 15% on $1B Bitcoin buying plans**_
### Popular treasury strategy
Quantum is one of several healthcare companies accumulating Bitcoin as 
corporate crypto treasuries become increasingly popular.
In March, NASDAQ-listed biopharmaceutical company Atai Life Sciences tipped 
plans to buy $5 million worth of Bitcoin.
In a March 20 X post, Atai&#8217;s founder, Christian Angermayer, said &#8220;Bitcoin 
should be a part of ANY corporate treasury &#8211; especially, in fact, in the 
biotech sector.&#8221;
Angermayer added in a blog post that Bitcoin can help the biotech hedge 
against inflation and stay solvent during the long periods before drug 
approvals.
_Corporate treasuries are now major Bitcoin holders. 
Source:__Bitcointreasuries.net_
On May 16, Singapore-based healthcare company Basel Medical Group announced 
plans to buy $1 billion worth of Bitcoin.
It said a Bitcoin treasury will support its plans to expand in Asia through 
acquisitions by giving Basel &#8220;one of the strongest balance sheets among Asia- 
focused healthcare providers.&#8221;
Unlike Quantum, however, Basel&#8217;s shares dropped significantly on the day of 
the announcement.
Collectively, corporate treasuries hold more than $83 billion in Bitcoin as of 
May 19, according to data from BitcoinTreasuries.NET.
Publicly traded companies are now the largest institutional Bitcoin holders 
after exchange-traded funds (ETFs), the data shows.
Bitcoin can &#8220;potentially be a valuable hedge against growing fiscal deficits, 
currency debasement, and geopolitical risks&#8221; for companies, asset manager 
Fidelity Digital Assets said in a 2024 report.
_**Magazine: **__**Danger signs for Bitcoin as retail abandons it to 
institutions: Sky Wee**_

Quantum Biopharma bolsters Bitcoin treasury

According to a recent video by Edward Farina, founder of Alpha Lions Academy, 
XRP holders should think twice before selling every time the market dips. He 
pointed out that on May 12, XRP fell from $2.47 to $2.33—a 5.60% drop in 24 
hours. Such moves stoke fear. But Farina says sticking around might pay off in 
the long run. Related Reading: Trump Token Mania: Over 6,000% Pump Or Classic 
Solana Trap? Strong Reminder To Hold Farina urged investors not to let a 
20–30% pullback scare them out. He warned that selling during a small slide 
often kicks people out just before the next surge. When XRP fell to around 
$0.50–$$0.70 in past years, many sold. Those same coins later climbed by 
hundreds of percent. Holding through the downturn would have turned a small 
stake into a much larger gain. Big Gains Lost By Early Sellers Based on 
reports, people who bailed at $0.60 missed out on big rallies. That drop to 
the $0.50–$0.70 range represented a massive buying opportunity. But paranoia 
took over. Investors sold to shield themselves from more losses. They thought 
the dip would last. It didn’t. XRP’s price shot up, leaving many behind. When 
the $XRP train 🚆 leaves the station it won’t stop to take more passengers. 
Make your choices NOW or regret later, unfortunately 95% will be left behind. 
REPOST 🔀 only if you are still holding! pic.twitter.com/mcGk5urQdd — EDO 
FARINA 🅧 XRP (@edward_farina) May 12, 2025 Simple Three-Step Approach Farina 
laid out what he calls a clear plan: buy the coin, hold it long term, and stay 
brave when the market gets shaky. He dismissed the need for complex tactics 
like day‑trading or staking. He even said you don’t need a huge pile of cash 
to get started. Instead, courage during volatility is what counts. That 
message is meant to be easy to follow. Institutional Interest And Conviction 
He also spoke about doing a “conviction move” by studying XRP’s tech, 
financials, and geopolitical role. According to Farina, XRP serves as a bridge 
currency for fiat transfers. He claims this has drawn the eye of big players 
like the IMF and the Bank for International Settlements. He believes this 
backing shows that demand could stay strong. Warning On Risks And Reality 
Farina admitted he once sold in panic and missed out. Now, he says he’d hold 
his XRP even if the price fell to zero. That’s a bold stance. Yet, real 
markets can be unpredictable. No amount of courage can replace the need for 
risk checks and exit plans. Related Reading: XRP 100x Gains Coming? The Future 
Is Closer Than You Think—Analyst XRP Price At A Glance At press time, XRP 
traded at $2.37, down 3.25% over 24 hours and 1.7% for the week. Farina warned 
that when XRP takes off, it could move so fast that 95% of investors get left 
behind. He urged people to act now if they want a seat on the “XRP train.” 
Featured image from Unsplash, chart from TradingView

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Following a slew of companies last week revealing similar plans, Digiasia 
Corp. announced a commitment to establish a bitcoin treasury reserve, 
potentially raising up to $100 million to acquire BTC, as its shares surged 
93% by 1 p.m. ET on Monday. Digiasia Eyes $100 Million to Build Bitcoin 
Treasury The fintech firm Digiasia Corp. (Nasdaq: […]