BTQ: Clears French Hurdle for QPerfect Acquisition
BTQ surges 150% after French FDI approval for QPerfect deal, targeting $8+ with $800M market cap on post-quantum cryptography push amid Bitcoin weakness.
SourceAnalysis
BTQ cleared the final regulatory hurdle today with French FDI approval to fully acquire QPerfect, the Strasbourg-based neutral-atom quantum firm, sending the $800M market cap stock higher by 150% since the prior mention and setting sights on $8+ despite Bitcoin market weakness. The acquisition broadens BTQ beyond quantum hardware into post-quantum cryptography solutions that secure infrastructure quantum computing could break, including BTC networks, while technicals confirm an uptrend of higher highs, higher lows and rising volume after the earlier bullish divergence. Analysts tracking quantum computing impact on Bitcoin now flag the stock as undervalued ahead of any crypto market recovery.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast