✉news BusinessCrypto first seen 10 h ago, last 10 h ago, peak #35
Hyperscale Data's Bitcoin and Cash Holdings Top Its Market Cap
Original: Hyperscale Data’s Bitcoin and Cash Holdings Exceed Its Market Cap
Hyperscale Data, a US-listed company, is reported to hold Bitcoin and cash reserves whose combined value now exceeds the company's entire market capitalisation. In effect, the market is valuing the firm's business at less than zero. The claim is circulating among crypto market watchers, who often view such discounts as a sign of investor scepticism about a company's operations or a potential value opportunity.
Why now: Crypto and market commentators are drawn to the anomaly of a company trading below the value of its liquid assets.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/427139