Hyperscale Data (GPUS) has announced that it is significantly stepping up its Bitcoin strategy. In the last week, its holdings of the cryptocurrency grew by 312%, from around $2.7 million to approximately $11.2 million, under its subsidiary Sentinum. Its global digital treasury now stands at around $41 million, representing about 44% of the company’s market capitalization.
To sustain its expansion, Hyperscale has set aside about $29.8 million in cash for additional Bitcoin purchases on the open market. Its approach is based on an accumulation strategy to mitigate exposure to volatility. The latter is key to understanding the current price levels of BTC, which has risen sharply in recent times and is increasingly perceived by companies as a store of value.
The company reaffirms its goal: to have its Bitcoin reserves equal 100% of its capitalization. From now on, it has committed to publishing weekly reports every Tuesday with details on its crypto asset holdings and progress toward that ambitious goal.
