Bitcoin Treasury Bet Sends GPUS Stock Higher Pre-Market – Hyperscale Data Unveils Buyback Plan

• The company disclosed holdings of nearly 700 Bitcoin valued at about $53.9 million.
• Hyperscale said it intends to continue gradually accumulating Bitcoin under its digital asset treasury strategy
• It also announced a $5 million tender offer priced above its recent closing price.

Hyperscale Data’s stock (GPUS) rose over 11% in premarket trading on Tuesday after the company disclosed that it holds nearly 700 Bitcoin (BTC), and plans to continue buying the cryptocurrency as part of its treasury strategy. It also announced a $5 million tender offer to repurchase its Class A common stock at a premium.

GPUS stock was trading at $0.17 in pre-market trade. On Stocktwits, retail sentiment around the stock improved to ‘extremely bullish’ from ‘bullish’ zone, while chatter stayed at ‘high’ levels over the past day.

Bitcoin Treasury Strategy Expands

The NYSE American-listed business stated that its subsidiaries, Sentinum and Ault Capital Group (ACG), held 699.6865 Bitcoin in aggregate as of May 24, with an approximate market value of $53.9 million based on the Bitcoin closing price of $76,981 that day. During the week ended May 24, ACG bought almost 2.0000 Bitcoin.

The firm said it plans to use cash set aside for its digital asset treasury strategy to gradually buy Bitcoin, joining an expanding list of public firms adding BTC to their balance sheets as a reserve asset.

Tender Offer At A Premium

Hyperscale said it will repurchase GPUS shares for up to the maximum aggregate amount of the repurchase program, $5 million, at a purchase price of $0.21 per share, which is a premium to the closing price of $0.16 on May 22. 

The statement noted that the company's cash, restricted cash, and Bitcoin holdings have recently approached nearly $100 million, while its market cap has been materially below what management believes reflects the intrinsic value of the business and its strategic assets.

The offering, if fully subscribed, would purchase 23,809,523 shares, or about 5.1% of the 461,457,281 shares outstanding as of May 15. The tender offer will expire at 11:59 PM ET on Monday, June 8, 2026, unless otherwise extended or earlier terminated.

Insider Non-Participation

The company’s directors, officers, and largest shareholder do not plan to participate in the tender offer, which could further increase insider ownership concentration. The largest beneficial owner, Ault & Company, which holds 51.83%, is also projected to maintain its position. As a result, the shares being tendered will be retired, further increasing the relative ownership of insiders, including Ault & Company, and concentrating control in the hands of the existing majority holding.

Read also: Cathie Wood Sticks To $1.25M Bitcoin Price Target, Even As BTC Funds See Worst Week Of 2026

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