BTC Treasury Company Hyperscale Data plans to issue preferred shares to raise $35.4 million

Odaily Planet Daily reports that Hyperscale Data, a Bitcoin treasury company listed on the New York Stock Exchange, announced the launch of an ATM equity issuance plan. The company will raise $35.4 million through the issuance of Series D cumulative 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. (PRNewswire)