Hyperscale Data's Bitcoin asset pool increases to $60 million, approximately 66% of the market value

ChainCatcher news, according to PRNewswire, the U.S. publicly listed BTC treasury company Hyperscale Data (NYSE American: GPUS) announced that its Bitcoin asset portfolio is valued at approximately $60 million, accounting for about 66% of the company's market capitalization. Additionally, Hyperscale Data has allocated $43.7 million in cash for Sentinum to purchase BTC in the open market.

The company's Executive Chairman Milton "Todd" Ault III stated that they will continue to reduce short-term market volatility risks through a dollar-cost averaging strategy, building a long-term reserve position. The company plans to expand its Bitcoin asset portfolio to equal 100% of its market capitalization as part of its $100 million digital asset portfolio strategy.