Hyperscale Data, a company listed on NYSE American, has disclosed that as of March 15, it holds 622.4 Bitcoin, valued at approximately $45.3 million based on the closing price of $72,790 per BTC. The company's combined cash, restricted cash, and Bitcoin holdings are estimated at $85.7 million, representing about 161.23% of its current market capitalization.
The chairman of Hyperscale Data's board highlighted a significant discrepancy between the company's valuation and its asset value. In response, the company is considering gradually allocating more cash to its digital asset treasury strategy by purchasing additional Bitcoin.
Hyperscale Data Holds 622.4 BTC, Plans Further Bitcoin Investments
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