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Hyperscale Data's Bitcoin Holdings Exceed Market Value, Currently Holding Approximately 519 Coins
Summary: According to reports from Investing.com, the US-listed company Hyperscale Data (NASDAQ: GPUS) announced that its Bitcoin asset reserves have reached approximately $76.1 million, accounting for 117.76% of the company's market value. As of December 28, the company's wholly-owned subsidiary Sentinum held approximately 519.6787 Bitcoins, valued at around $45.6 million. In addition, the company has set ...
According to reports from Investing.com, the US-listed company Hyperscale Data (NASDAQ: GPUS) announced that its Bitcoin asset reserves have reached approximately $76.1 million, accounting for 117.76% of the company's market value.
As of December 28, the company's wholly-owned subsidiary Sentinum held approximately 519.6787 Bitcoins, valued at around $45.6 million. In addition, the company has set aside $30.5 million in cash for future Bitcoin acquisitions.
Hyperscale Data's Executive Chairman Milton "Todd" Ault III stated that the company has achieved its goal of reaching 100% of market value in Bitcoin and cash reserves, with plans to increase the Bitcoin asset balance sheet to $100 million. The company plans to allocate at least 5% of reserve cash for Bitcoin purchases weekly and will provide updates on Bitcoin holdings every Tuesday.
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Link: Hyperscale Data's Bitcoin Holdings Exceed Market Value, Currently Holding Approximately 519 Coins [Copy]
