Hyperscale Sells Part of Its Bitcoin Holdings, Still Holds More Than $61 Million in BTC

NYSE-listed Hyperscale Data, Inc. said Tuesday that it sold part of its Bitcoin holdings last week after increasing its position in July. The company reported holding 958.5352 BTC as of Aug. 2, valued at more than $61 million at current prices, with the assets held through subsidiaries Sentinum, Inc. and Ault Capital Group, Inc. According to the company, it sold roughly 150.5 BTC last week, while Ault Capital Group bought about 15 BTC on the open market. A week earlier, Hyperscale had disclosed holdings of more than 1,106 BTC, then worth nearly $70 million. Executive Chairman Milton Todd Ault III said the company intends to maintain its long-term Bitcoin position while using it for short-term flexibility to help fund data center operations and generate cash flow this year and next. The company also said it aims to build a $100 million digital asset treasury and reach full parity between its Bitcoin holdings and its market value.