TechFlow, October 21 — According to PRNewswire, Hyperscale Data (NYSE American: GPUS), a BTC treasury company listed on the U.S. stock market, announced that the total value of its Bitcoin holdings is 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 in the open market. Company Executive Chairman Milton "Todd" Ault III stated that the firm will continue to mitigate short-term market volatility risks through a dollar-cost averaging strategy and build long-term reserve positions.
The company plans to expand its Bitcoin treasury to an amount equivalent to 100% of its market cap as part of its $100 million digital asset treasury strategy.
