Duquesne Family Office Buys $23M Stake in HYPE Treasury Firm

Stanley Druckenmiller's Duquesne Family Office has acquired a $23 million stake in Hyperliquid Strategies Inc., gaining indirect exposure to the HYPE token through the Nasdaq-listed digital asset treasury company.

Hyperliquid Strategies, which operates under the ticker PURR, has accumulated millions of HYPE tokens as part of its digital asset treasury strategy. The company's holdings have increased substantially, with Artemis data showing it controlled about 23.7 million HYPE and had over $1.1 billion in unrealized gains at the time.

The acquisition is a significant development for Hyperliquid Strategies, which has built one of the largest corporate HYPE holdings since establishing its digital asset treasury business. The company's exposure to HYPE has also attracted institutional interest, with regulated investment and derivatives products expanding demand for the token.