Hyperliquid Doubles HYPE Holdings to $1.9 Billion

Hyperliquid Strategies has more than doubled its HYPE token holdings to 29.3 million, valuing the treasury at $1.9 billion.

The company made the purchase through a committed equity facility that generated $646.6 million in funding, with an average issue price of $8.70 per PURR share.

Since December, Hyperliquid Strategies has spent $773.4 million buying approximately 16.5 million HYPE tokens at an average price of $46.77 per token.