Hyperscale Data, Inc. has announced another Bitcoin purchase, increasing its holdings to 1,106 coins, which the company said were worth $69.7 million at current prices.

The NYSE-listed company added 18.594 Bitcoin to its treasury after last week’s purchase of 51.5 coins. Hyperscale shares (GPUS) were trading nearly 4% lower Tuesday morning in New York.

“Every Bitcoin we acquire further strengthens Hyperscale Data’s balance sheet and expands our financial flexibility,” Milton ‘Todd’ Ault III, Hyperscale Data’s executive chairman, said.

“A stronger and larger Bitcoin treasury gives us additional options to finance growth, pursue strategic opportunities, and create long-term value for our stockholders. We intend to continue building our Bitcoin position over time.”

The company said the holdings are split across its wholly owned subsidiaries, Sentinum, Inc. and Ault Capital Group, Inc. (ACG).

The accumulation is part of Hyperscale’s goal of building a $100 million digital asset treasury and reaching full parity between its Bitcoin holdings and market capitalization, a target that places the company among a growing set of public firms using treasury allocation to increase direct exposure to Bitcoin.

Hyperscale is following the example of Strategy — formerly MicroStrategy — by using spare cash to buy Bitcoin. Under Michael Saylor’s leadership, Strategy shifted from a traditional software business to purchasing Bitcoin and offering investors exposure to the asset through its Nasdaq-listed shares.

That model has encouraged other companies to add Bitcoin to their treasuries, although Hyperscale’s case is unusual because its holdings now exceed its entire market capitalization, a situation more commonly associated with deeply discounted treasury plays and one that makes the size of its Bitcoin position a central part of how investors may assess the company.

This article first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.