TechFlow, Dec 30 — According to Investing.com, Hyperscale Data (NYSE American: GPUS), a publicly traded U.S. company, announced that its Bitcoin treasury 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 about $45.6 million. Additionally, the company has set aside $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 Bitcoin and cash reserves equal to 100% of its market cap. The next target is to grow its Bitcoin balance sheet to $100 million. The company plans to allocate at least 5% of its reserved cash weekly toward Bitcoin purchases and will provide weekly updates on its Bitcoin holdings every Tuesday.
