Bitcoin Treasury Company Hyperscale Data Plans to Issue Preferred Shares to Raise $35.4 Million

BTC-0,08%

ChainCatcher News: Bitcoin Treasury Company Hyperscale Data Announces Launch of ATM Equity Offering Program, which will raise $35.4 million through the issuance of Series D redeemable perpetual preferred stock. The net proceeds will be used to increase Bitcoin holdings, purchase precious metals including gold, silver, and/or copper, and also for working capital and general corporate purposes, including repayment, refinancing, redemption, or repurchase of future debt or equity.

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