BTQ Technologies: A Coherent Regulatory Bet That Still Needs Validation
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Emmanuel Onwusah390 FollowersFollow5ShareSavePlay(12min)CommentsSummaryBTQ Technologies Corp. (BTQ) is pivoting from a pure post-quantum cryptography vendor to a settlement infrastructure provider, centering on its Quantum Secure stablecoin network (QSSN).BTQ’s strategy bets on regulatory mandates for quantum-secure settlement, aiming for early embedding in payment systems, but faces significant execution and sequencing risks.QSSN’s deployment in Korea, partnerships with regulators and chipmakers, and expansion into multiple countries are promising, yet monetization remains distant and unproven.I maintain a Hold rating: BTQ’s valuation is driven by mandate optionality, with no meaningful revenue, rising losses, and heightened execution importance due to increased share count and spending. adventtr/E+ via Getty Images In my earlier pieces on BTQ Technologies Corp. (BTQ), I focused on timing, the company’s balance sheet, and execution moving forward. That framework is still important, but I don’t think it alone suffices if we want to understandThis article was written byEmmanuel Onwusah390 FollowersFollowI’m Emmanuel Onwusah—a financial analyst, writer, and recovering engineer. I hold FMVA® and BIDA® certifications from the Corporate Finance Institute, and I spend most of my time creating pitch decks, building models, analyzing companies, and trying to make sense of where value meets narrative. My background is in petroleum and gas engineering, but I moved into finance because I’ve always been drawn to how businesses grow, how markets react, and how data tells stories. I focus on tech, infrastructure, and internet services, with a bias for companies that pair strong fundamentals with real potential.I write here to think in public, share investment ideas, and connect with other investors who care about long-term returns, not just short-term noise. If you enjoy thoughtful breakdowns and real conversation around stocks, you’re in the right place. There’ll be charts, jokes, and hopefully, some profitable ideas.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.