Hyperscale Data's Bitcoin asset holdings increase to $60 million, accounting for approximately 66% of the company's market capitalization.
ChainCatcher news, according to PRNewswire, US-listed BTC treasury company Hyperscale Data (NYSE American: GPUS) announced that its bitcoin treasury assets are valued at approximately $60 million, accounting for about 66% of the company's market capitalization. In addition, Hyperscale Data has allocated $43.7 million in cash for Sentinum to purchase BTC on the open market.
The company's Executive Chairman, Milton “Todd” Ault III, stated that they will continue to mitigate short-term market volatility risks through a dollar-cost averaging strategy and build a long-term reserve position. The company plans to expand its bitcoin treasury to the equivalent of 100% of its market capitalization as part of its $100 million digital asset treasury strategy.
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