Hyperscale Data, Inc. (NYSE American: GPUS), a Las Vegas-based artificial intelligence data center company, disclosed that its combined Bitcoin treasury and cash position stands at approximately $87.1 million — a figure the company says represents roughly 73.34% of its current common-stock market capitalization. The announcement, dated June 16, 2026, puts a sharp spotlight on how much of the company's equity value is now backed by liquid and near-liquid assets rather than operating business alone.
What the Treasury Holds
The $87.1 million position comprises two components. The company holds approximately 713.5884 $BTC alongside 10,000 ounces of silver. Hyperscale Data describes itself as an AI data center company "anchored by Bitcoin," signaling that the digital asset is a structural pillar of the balance sheet, not a speculative side pocket.
For a portfolio manager running a position in GPUS, the 73.34% figure is the number worth underwriting. It implies that — at the reported figures — nearly three-quarters of what the market is paying for the common stock is theoretically covered by the treasury and cash alone, with the AI data center operations representing the residual.
Why the Coverage Ratio Matters
A treasury-to-market-cap ratio is a blunt instrument, but it functions as a rough floor test: how much of the stock price is backstopped by identifiable liquid assets? When that ratio exceeds 70%, the implied value ascribed to the operating business shrinks accordingly. Investors who buy at current prices are, by that arithmetic, paying a relatively modest premium for the AI infrastructure business on top of the asset base.
The inclusion of silver alongside Bitcoin is less common among corporate treasury disclosures and adds a secondary hard-asset layer, though the company did not specify the valuation attributed to the silver position independently.
Context for the Bitcoin Strategy
Corporate Bitcoin treasuries have become a recognized balance-sheet strategy since MicroStrategy pioneered the approach, and Hyperscale Data's disclosure places it within that cohort. The distinction here is the pairing with an active AI data center business, which gives the company dual exposure: operational revenue potential from compute infrastructure and mark-to-market sensitivity to $BTC prices. Shareholders in GPUS are effectively holding both.
The company did not provide updated operational metrics or revenue figures in the announcement.