Hyperscale Data, Inc. has expanded its Bitcoin holdings to 514.97 BTC, valued at approximately $45.5 million, according to on-chain data. This amount now exceeds the company's market capitalization. The update, disclosed on December 21, 2025, outlines a strategy that includes both self-mining and $34.25 million in open-market purchases. Hyperscale Data aims to establish a $100 million Digital Asset Treasury, fully backing its market cap with Bitcoin.