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Bitcoin’s stall around $63,000...

The S&P 500 closed Thursday at a record 7,798.99, while Bitcoin traded at...

Data Breach At Trezor...

Hardware wallet manufacturer Trezor has announced a data breach exposing customer...

Multicoin exits the $1.65...

Multicoin Capital has exited its disclosed stake in Forward Industries, the largest Solana...

UBS Ups Bitcoin Position,...

Switzerland’s largest bank has upped its exposure to Bitcoin, according...

Hyperscale Trims Bitcoin Holdings, Still Sits On $61M Stack

After upping its Bitcoin holdings in July, NYSE-listed Hyperscale Data, Inc. on Tuesday announced a sale last week. 

The company reported holding 958.5352 Bitcoin as of August 2, worth over $61 million at today’s prices. The company’s holdings sit across its subsidiaries Sentinum, Inc. and Ault Capital Group, Inc. 

Last week, the company sold roughly 150.5 BTC while ACG bought about 15 BTC on the open market, the firm said in a statement. 

Read More:  Satsuma Shareholders Approve Bitcoin Liquidation, London Delisting

The week before, Hyperscale had reported having over 1,106 Bitcoins worth nearly $70 million at the time. 

Executive Chairman Milton ‘Todd’ Ault III said the company planned to keep their long-term Bitcoin position while tapping it for short-term flexibility to fund data center operations, with the hope of generating significant cash blow this year and next. 

“We are confident in our ability to use Bitcoin as pristine collateral to further refine our overall capital allocation strategy,” Milton ‘Todd’ Ault III, Executive Chairman of Hyperscale Data, said. 

Read More:  White House Now Reviewing Crypto Clarity Act

Hyperscale plans to build a $100 million digital asset treasury and achieve full parity between its Bitcoin holdings and its market value. 

The company is following in the footsteps of Strategy — formerly MicroStrategy — by using spare cash to buy Bitcoin. 

Strategy in 2020 moved from selling traditional software to buying Bitcoin and allowing investors to get exposure to the asset via its shares which trade on the Nasdaq. 

Read More:  China's Prosecutors Move To Treat Crypto Mixers As Evidence Of Money Laundering

Despite aggressive buys this year and last, the company over the past six weeks has halted its buys and even sold Bitcoin, also as a way to generate more cash flow as the price of its stock takes a hit and Bitcoin trades nearly 50% below its October record. 

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Data Breach At Trezor Leaks Info On Nearly 14,000 Bitcoin Wallet Users

Hardware wallet manufacturer Trezor has announced a data breach exposing customer data.  Writing on X Thursday, the company said that 13,689 customers from the US, UK, Sweden, Colombia, Brazil, Italy, and Portugal who received an order 90...

UBS Ups Bitcoin Position, Buys More Shares In BlackRock ETF

Switzerland’s largest bank has upped its exposure to Bitcoin, according to regulatory filings.  UBS bought more shares in BlackRock’s iShares Bitcoin Trust, bringing its total position to over $83 million across 2.5 million shares, according to...

White House To Host Crypto Industry Execs Next Week: Report

Crypto and prediction market bigwigs are set to gather at the White House next week, according to a Thursday report from POLITICO.  The report, citing people with knowledge of the matter, said the industry officials would...