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US-listed company Hyperscale Data's Bitcoin reserves surpass $76 million, aiming to hit a $100 million target
【BitPush】Hyperscale Data, a publicly traded company on the NYSE, has recently made new progress in Bitcoin allocation. According to the latest news, the company’s Bitcoin asset reserve has risen to approximately $76.1 million, accounting for 117.76% of its market capitalization—that is, the Bitcoin reserve value has exceeded the company’s own market value.
Specifically, its wholly owned subsidiary Sentinum held about 519.6787 BTC as of December 28, with a market value of approximately $45.6 million. In addition to its existing Bitcoin reserves, the company has reserved $30.5 million in cash for subsequent Bitcoin acquisitions.
Executive Chairman Milton “Todd” Ault III revealed the company’s ambitious plans. He stated that the company has completed the phase goal of Bitcoin and cash reserves totaling 100% of its market value, and the next step is to push the Bitcoin balance sheet to $100 million. To achieve this goal, the company plans to allocate at least 5% of the reserved cash weekly to buy Bitcoin and commits to publicly disclose the latest Bitcoin holdings every Tuesday.
This aggressive allocation strategy reflects institutional investors’ optimistic attitude towards the long-term value of Bitcoin.