Hyperscale Data's $76 Million Bitcoin Treasury Exceeds 100% of Market Capitalization, Signaling Crypto-Anchored Strategy
AI Data Center Firm Hyperscale Data Reports Treasury Value Surpassing Equity Valuation
Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (AI) data center company that has anchored its corporate strategy around Bitcoin, announced a significant milestone on December 23, 2025. The company reported that its total Bitcoin treasury holdings, including committed cash allocations, reached approximately $76 million, a figure that exceeded its market capitalization by more than three-quarters of a percentage point.
Based on the closing stock price on December 22, 2025, the $76 million treasury value represented approximately 100.75% of Hyperscale Data’s total market capitalization. This unusual ratio highlights the extent to which the company’s valuation is tied to its digital asset strategy, rather than solely its core AI data center operations.
Details of the Bitcoin and Cash Position
The calculation of the $76 million treasury value was based on the price of Bitcoin as of December 21, 2025. The total treasury holdings were quantified at 514.9655 Bitcoin, combining current holdings with cash earmarked for future acquisitions. This commitment to accumulating the digital asset is a defining feature of the company’s financial policy.
The announcement provided a detailed look at the company’s liquidity and future purchasing plans:
- The total treasury value of approximately $76 million includes both currently held Bitcoin and cash allocated for committed purchases.
- As of December 19, 2025, the company held approximately $50 million of cash and restricted cash.
- A substantial portion of this liquidity—$30.5 million—has been specifically allocated for future purchases of Bitcoin, signaling management’s intent to further expand its crypto reserves.
Hyperscale Data operates in the high-growth sector of AI data centers, which typically requires significant capital expenditure. By anchoring its balance sheet with Bitcoin, the company is adopting a strategy popularized by firms seeking to hedge against inflation and potentially benefit from the volatility and appreciation of the cryptocurrency market.
Implications for the AI and Crypto Sectors
The disclosure that Hyperscale Data’s Bitcoin treasury value has surpassed its market capitalization places the company in a unique category. For investors, this structure effectively means that the company’s equity is trading at a discount relative to its liquid crypto assets, assuming the market accurately values the underlying Bitcoin holdings.
The strategy suggests that the company views its Bitcoin holdings not merely as a reserve asset, but as an integral component of its corporate identity and financial engine. While the core business remains providing AI data center services, the financial stability and growth potential are heavily influenced by the performance of the Bitcoin market (BTC).
This move reinforces the growing trend among certain technology companies to integrate digital assets directly into their corporate treasuries. For Hyperscale Data (GPUS), this approach links the company’s financial fate closely to the performance of the world’s largest cryptocurrency, offering investors direct exposure to Bitcoin appreciation through an equity vehicle, alongside exposure to the AI infrastructure sector.
