The value of the bitcoin held by Hyperscale Data exceeds its market capitalization, currently holding about 519 coins.
According to TechFlow, on December 30, as reported by Investing.com, the US-listed company Hyperscale Data (NYSE American: GPUS) announced that its bitcoin asset reserves have reached approximately $76.1 million, accounting for 117.76% of the company's market capitalization.
The company's wholly-owned subsidiary Sentinum held about 519.6787 bitcoins as of December 28, with a market value of approximately $45.6 million. In addition, the company has reserved $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 capitalization. The next step is to increase the bitcoin balance sheet to $100 million. The company plans to invest at least 5% of its reserved cash in bitcoin purchases each week and will provide updates on its bitcoin holdings every Tuesday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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