Hyperliquid Strategies doubles HYPE holdings to 29.3M

Hyperliquid Strategies has raised $647 million in equity capital and more than doubled its treasury to 29.3 million HYPE tokens, valued at $1.9 billion at the end of June. Summary Hyperliquid Strategies held 29.3 million HYPE and $149.9 million in cash on June 30. The Nasdaq-listed company reported $305.5 million in annual net income and no debt. PURR shares gained nearly 18% after the fiscal-year results were released. Since December, the firm has spent $773.4 million buying about 16.5 million HYPE. Hyperliquid Strategies builds a $1.9 billion HYPE treasury Hyperliquid Strategies said in its fiscal-year results that its HYPE holdings increased from an initial 12.5 million tokens to approximately 29.28 million by June 30. At the token’s fiscal year-end price of $65.04, the position carried a value of $1.90 billion. Alongside the token reserve, the company reported $149.9 million in cash and cash-like assets, including $12 million held in USDC. Total assets reached $2.06 billion, while stockholders’ equity stood at $1.87 billion. No debt remained on the balance sheet at the end of the period, according to the results. The company also said substantially all its HYPE tokens were stak...