Hyperscale Data, Inc. (AMEX: GPUS) shares slipped premarket after announcing plans to buy $20 million worth of Bitcoin for its treasury. The move will be funded partly by an equity offering. The company, valued at $15 million, sees the investment boosting its asset value and investor transparency.

Bitcoin will serve as a long-term anchor for the balance sheet, with plans to increase the position beyond $20 million. Management cites potential value levers like Bitcoin appreciation and monetization tactics for ongoing income. CEO William B. Horne sees Bitcoin as stabilizing the balance sheet and benefiting from long-term digital asset appreciation.

Hyperscale is constructing an AI-ready data center in Michigan, seen as a key growth engine. Proceeds from the stock offering will support the data center and Bitcoin purchases. The company aims for transparency and consistency in executing its digital-asset strategy to narrow the gap between share price and asset value.

GPUS shares are down 1.31% premarket at $0.5259. Hyperscale believes combining AI infrastructure growth with a Bitcoin-backed balance sheet can bridge the gap between share price and asset base.

Read more at Yahoo Finance: Hyperscale Data Unveils Bold Bitcoin Treasury Plan