Hyperscale Data (NYSE: GPUS) announced that its Bitcoin holdings have reached $76.1 million, exceeding its market capitalization by 117.76%. The company's subsidiary, Sentinum, holds 519.6787 BTC, valued at $45.6 million as of December 28. Additionally, Hyperscale Data has allocated $30.5 million in cash for future Bitcoin acquisitions.
Executive Chairman Milton 'Todd' Ault III stated that the firm has matched its market cap with Bitcoin and cash reserves, aiming to expand its Bitcoin holdings to $100 million. The company plans to use at least 5% of its reserves weekly for Bitcoin purchases, with updates on BTC holdings provided every Tuesday.
Hyperscale Data's Bitcoin Holdings Surpass Market Cap
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