Hyperscale Data Holds 692 Bitcoin Worth $53.6M as of May 17

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According to PRNewswire, Nasdaq-listed bitcoin treasury company Hyperscale Data and its wholly-owned subsidiary Sentinum, together with Ault Capital Group, held 692.4093 BTC as of May 17. Valued at $53.6 million based on that day's Bitcoin closing price of $77,429, the combined position represents a significant cryptocurrency reserve. The company stated plans to gradually allocate additional cash from its digital asset fund reserves toward future bitcoin purchases.
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