Hyperscale Data holds Bitcoin worth more than its market capitalization, currently holding approximately 519 coins.
According to Investing.com, Hyperscale Data (NYSE: GPUS), a US-listed company, announced that its Bitcoin asset reserves have reached approximately $76.1 million, representing 117.76% of the company's market capitalization.
As of December 28, the company's wholly-owned subsidiary, Sentinum, held approximately 519.6787 bitcoins, with a market value of approximately $45.6 million. In addition, the company has reserved $30.5 million in cash for future bitcoin acquisitions.
Milton “Todd” Ault III, Executive Chairman of Hyperscale Data, stated that the company has achieved its goal of having 100% of its Bitcoin and cash reserves at market capitalization, and the next step is to increase its Bitcoin balance sheet to $100 million. The company plans to allocate at least 5% of its reserved cash reserves to Bitcoin purchases each week and will provide weekly updates on its Bitcoin holdings every Tuesday.
