Hyperliquid Strategies expands stock buyback program to $100M as PURR shares fall over 30%

Hyperliquid Strategies Inc. (NASDAQ: PURR) has increased its stock repurchase program from $30 million to $100 million, expanding its authorization as shares of the HYPE treasury company have declined more than 30% from their October high. The company said Friday that approximately $72 million remains available under the expanded program, while its board extended the authorization’s expiration date from December 5, 2026, to October 31, 2027. Hyperliquid Strategies said the increase reflects its board’s confidence in the company’s long term capital strategy and provides additional flexibility to repurchase shares as part of its treasury management operations. Repurchases may be conducted through open market purchases, privately negotiated transactions or other methods permitted under federal securities laws. The company said the timing and size of purchases will depend on market conditions, share prices and regulatory requirements. The authorization does not guarantee that the remaining funds will be used, and the program may be suspended or discontinued. PURR shares and HYPE underperform Bitcoin in October The announcement comes as Hyperliquid Strategies and HYPE, the native token ...