TechFlow to a report by PRNewswire on November 4th, Hyperscale Data (NYSE American: GPUS), a US- listed Bitcoin treasury company , announced that its total Bitcoin assets have reached approximately $73.5 million, representing about 61% of the company's market capitalization.
As of November 2, the company's wholly-owned subsidiary, Sentinum, held approximately 234.72 Bitcoins, including 40.22 mined Bitcoins and 194.50 purchased on the open market (of which 36.37 were newly acquired during the week). Based on Bitcoin's closing price of $110,639 on November 2, these holdings were worth approximately $26 million.
Milton "Todd" Ault III, the company's executive chairman, said the company will continue to use a dollar cost averaging strategy to reduce short-term market volatility risk and advance its goal of a $100 million digital asset pool.
