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100 BTC is the disclosed treasury sale from Hyperscale Data, one half of a two-part funding structure aimed at building an AI data center in Michigan.
The Bitcoin miner is combining that liquidation with a BTC-backed credit facility, meaning both legs of the raise rest on the same underlying asset: $BTC.
Treasury sale plus BTC credit line The funding has two components. Hyperscale Data sells 100 $BTC outright from its mined reserves, converting treasury Bitcoin into project capital.
A BTC-backed credit facility provides the second tranche of borrowing, with the company's Bitcoin serving as collateral against the loan. That pairing creates correlated exposure on both sides.
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