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- Hyperscale Data says its cash and $BTC stash is worth $93.5M, or about 144% of its market cap, underscoring how public $BTC-heavy firms are being undervalued.
- The disclosure adds to the broader corporate buying wave, with Bitcoin increasingly treated as a defensive treasury asset.
- $BTC is trading near $74,443, facing $74,800-$74,924 resistance; a clean move above $75,000 could target $76,500-$78,000.
Bitcoin price reclaiming the $74,000 level has put the global cryptocurrency market in a high-conviction recovery mode. The sudden bullish momentum is fueled by a significant divergence between intrinsic asset value and market capitalization within the Bitcoin-adjacent corporate sector. While the market continues to absorb the impact of sustained institutional accumulation, including MicroStrategy’s recent $1 billion acquisition, the focus is shifting toward companies whose $BTC holdings are now outperforming their own public valuations.
Hyperscale Data’s $93.5 Million Treasury
In a disclosure from Hyperscale Data, Inc., the AI data center company announced its combined holdings of cash and $BTC reached $93.5 million as of the week ended April 12, 2026. Strikingly, this treasury value represents approximately 143.96% of the company’s total market capitalization.
With 644.7581 $BTC on its balance sheet (valued at approximately $45.6 million), the company is highlighting a massive disconnect in how the broader market values Bitcoin-heavy businesses. Executive Chairman Milton “Todd” Ault III noted that the market currently places “no meaningful value” on the company’s operating businesses, effectively allowing investors to acquire Bitcoin-backed equity at a significant discount. The “treasury-to-cap” ratio is serving as a powerful buy signal for the Bitcoin price, as it proves that $BTC is increasingly being used as a defensive instrument for public corporations.
Bitcoin Price Faces the $74,900 Resistance
After a successful “liquidity grab” near the $70,566 structural floor (marked by the green support band), $BTC executed a powerful vertical impulse. Currently trading at $74,442.96, $BTC is now testing its most significant supply barrier of the month.
The visual data highlights a formidable “pink zone” of resistance between $74,800 and $74,924. This area represents a major supply ceiling where the bears have previously staged a defense. However, the consistently higher lows printed during this rally suggest that the “smart money” is aggressively bidding up every minor retracement.
If the bulls can force a high-volume close above the $75,000 psychological milestone, it would likely trigger a massive short-squeeze toward the $78,000 region. The price is trading well above its key Exponential Moving Averages (EMAs). As long as $BTC price holds the $73,200 level as a localized pivot point, the short-term path of least resistance remains skewed to the upside.
On the 15-minute timeframe, the Relative Strength Index (RSI) is currently trending near the 68 level. While this is approaching overbought territory, it reflects high-conviction momentum rather than exhaustion. The Moving Average Convergence Divergence (MACD) remains firmly bullish, with the signal lines fanning out in an upward trajectory and the histogram printing expanding green bars.
If Bitcoin price can break and hold above the $75,000 resistance on high volume, the next major targets are $76,500 and $78,000. A retracement to the $70,500 structural floor is likely if the support at $73,000 is lost.