SEC вмешивается в небывалый рост акций QMMM после слухов о манипуляциях Translated Headline: SEC intervenes in unprecedented stock surge of QMMM amid manipulation rumors

The U.S. Securities and Exchange Commission (SEC) has suspended trading of QMMM Holdings’ shares following a staggering 2000% increase in their value.

In early September, the company announced its intention to purchase Bitcoin, Ethereum, and Solana. According to Yahoo.Finance, in less than a month after this announcement, its stock price surged from $7.50 to the current $119, reaching a peak of $303.

“The SEC has temporarily halted trading of QMMM securities due to potential manipulation,” the regulator said in its notice.

The suspension is set for 10 business days, starting from September 29.

As per the agency’s statement, the alleged manipulation was “conducted through purchase recommendations for investors from unidentified individuals via social media.” The regulator believes these actions were likely aimed at artificially inflating the stock price and trading volume.

Based in Hong Kong, QMMM Holdings aimed to increase its cryptocurrency treasury to $100 million.

The trading suspension news came shortly after a report from the WSJ indicating that the SEC and FINRA had launched an investigation into DAT structures. This initiative involves more than 200 issuers who disclosed cryptocurrency holdings in their reserves.

Regulators have noticed unusual activity among these firms, with their stock prices increasing before announcements related to the purchase of digital assets.

According to BitcoinTreasuries, there are currently 196 DAT companies, managing over 1 million BTC valued at more than $110 billion, which represents 4.6% of the total supply of digital gold.

Additionally, Bloomberg reported that a group of influential veterans from the cryptocurrency industry is creating a new trend—a boom in digital treasuries.