After crashing 99.9%, this BTC treasury stock crashed 99.9% — again
The post After crashing 99.9%, this BTC treasury stock crashed 99.9% — again appeared on BitcoinEthereumNews.com. BTC treasury company Hyperscale Data saw its split-adjusted stock price drop to below $0.14 yesterday — a figure that represents just six billionths of one percent of its all-time peak in September 2000. Hyperscale, which began life in 1969 as an electronics manufacturing company called Digital Power Corporation, achieved a split-adjusted price of $2,131,598,848 during the so-called “dot-com bubble.” It then pivoted to BTC mining in August 2017, with its stock trading above $121,000,000. However, by the time it switched its focus again in September last year, this time to a Michael Saylor-inspired BTC acquisition strategy, this same stock had collapsed below $0.72. Yesterday, it closed below $0.14, a return since 2017 that’s somehow, even worse than declining 99.9% and then declining 99.9% again. Indeed, it needed to decline 99.9% one more time to arrive at Hyperscale’s $0.