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Hyperscale Data holds approximately $87.1 million in combined bitcoin treasury and cash, a figure that equals roughly 73.34% of the company's current market capitalization of common stock, according to Morningstar.
The disclosure puts nearly three-quarters of the company's entire market value in liquid or crypto assets — a ratio that defines how investors are being asked to price the stock.
Reading the Ratio A treasury-and-cash position at 73% of market cap is not a conventional corporate balance sheet.
It is the signature of a company that has made its bitcoin holdings a central strategic identity, collapsing the distance between a publicly traded equity and a direct $BTC position.
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