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LAS VEGAS - Hyperscale Data, Inc. (NYSE American:GPUS) reported its bitcoin treasury reaching approximately $50.3 million based on the closing price of $75,872 per bitcoin on Sunday, according to a press release. This achievement occurred while the company was trading at $0.15 per share with a market capitalization of $66 million, down 93% over the past year.
The company holds about 663.3130 bitcoins as of Saturday through its wholly owned subsidiaries, Sentinum, Inc. and Ault Capital Group, Inc. Sentinum holds about 602.7873 bitcoins, consisting of 162.5532 bitcoins from mining operations and 440.2341 bitcoins acquired through open market purchases. ACG holds about 60.5257 bitcoins.
During the week ending Saturday, ACG purchased approximately 13.2000 bitcoins on the open market.
The company states its goal to build a bitcoin treasury worth $100 million through sustainable mining operations and open market purchases.
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