Bayside Corporation (BYSD)

[stervc]

BYSD New $70.5 Million Bitcoin Valuation Confirmation...

Based on the BYSD news back in 2015, the amount of bitcoins were worth $3,000,000 back on June 9, 2015 when this BYSD PR was released:

https://markets.financialcontent.com/stocks/news/read/30041451/bayside_corp._launches_vault_52_for_institutional_bitcoin_consumers
To continue, the launch of Vault 52 was brought on after Bitcoinz USA recorded over three million dollars in Bitcoin and Vault 51 gross sales in its second fiscal quarter of the year.

Bitcoins were not very popular back then, but they are now. The current price of bitcoins as of today is roughly $5,400 per coin. The price of bitcoins back on June 9, 2015 which was the day of that BYSD news was $229.05 per coin:

https://www.investing.com/currencies/btc-usd-historical-data

So the current price is 23.5 times higher derived by diving today's price the price on June 9, 2015. This means that through logical deduction, the current value of the Bitcoins that BYSD currently owns is $70,500,000 in value derived by such below:

$3,000,000 Value in 2015 x 23.5 Current Value = $70,500,000 New BYSD Bitcoin Value

It's actually debatable to be an amount for one quarter since they stated that such $3 Million was from the... second fiscal quarter of the year.

Please correct me if I am looking at this incorrectly or if this is illogical.

v/r
Sterling