Hyperliquid Doubles Down on HYPE with $1.9B Treasury

Hyperliquid Strategies has significantly increased its HYPE treasury to 29.3 million tokens, worth about US$1.9 billion at the end of June.

The company raised US$646.6 million through an equity facility and ended up with US$149.9 million in cash and no debt.

Hyperliquid later spent US$773.4 million buying 16.5 million more HYPE tokens, increasing its total holdings to 29.3 million tokens at an average price of US$46.77.