Hyperscale Data purchases 67 BTC, raising its holdings to 849 BTC

Source Cryptopolitan

Hyperscale Data Inc. (NYSE: $GPUS) has announced that it added 67 BTC to its balance sheet, joining Metaplanet as the second publicly traded firm to have acquired BTC so far in July.

The Las Vegas-based AI data center company said Thursday it purchased 67 BTC between June 30 and July 1, raising its total holdings to 849 BTC. 

The new record puts the company ahead of Ming Shing Group, Yueda Digital Holdings, and SOS Limited as the 49th-largest publicly traded Bitcoin treasury firm.

Hyperscale Data says Bitcoin is an anchor for the company’s balance sheet. “We plan to continue acquiring Bitcoin through a disciplined dollar-cost-averaging strategy in order to maximize the potential for long-term upside,” said the company’s Executive Chairman, Milton “Todd” Ault III.

Milton says Hyperscale Data is undervalued

The latest purchase comes just two days after Hyperscale Data had announced it purchased 53.54 BTC, increasing the total treasury to 780.48 BTC. 

At the time, the company revealed that its combined Bitcoin, cash, restricted cash, and silver holdings stood at approximately $106.7 million, representing about 117% of its common stock market cap.

Milton “Todd” Ault III used the disclosure to argue that investors are undervaluing the company in a release on Tuesday.

Last month, the company signed an AI compute deal with a California-based neocloud provider, which it expects to generate up to $1.2 billion in revenue. 

Milton said the market cap of the common stock “fails to reflect the value of the Company’s reported assets, its operating businesses, and the magnitude of the opportunity before us after the recent signing of the transformational master services agreement at its Michigan AI data center.”

GPUS shares trade at $0.1529 at the time of writing, putting the company’s market cap at $53.212 million, according to Yahoo Finance. 

Metaplanet announces 2,823 BTC purchase

Metaplanet also announced today it purchased 2,823 BTC on July 1, bringing its total holdings to 43,000 BTC, Cryptopolitan reported. 

The latest acquisition pushes the company ahead of MARA Holdings as the 3rd-largest public traded Bitcoin treasury firm. 

According to Bitcoin Treasuries, BTC supply held by public companies now stands at 1.268 million, marking a 0.6% increase over the last 30 days, despite BTC declining over 10% in the same timeframe. With BTC currently trading at $61,809, the supply is valued at $78.40 billion. 

Hyperscale Data adds another 67 Bitcoin, increasing total to 849 BTC
BTC 30-day price chart. Source: Coingecko

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