Hyperliquid Doubles Hype Holdings to $1.9 Billion

Hyperliquid Strategies, a Nasdaq-listed company, has nearly doubled its treasury holdings in HYPE tokens to 29.3 million, valued at $1.9 billion as of June 30.

The increase was facilitated by a $647 million equity capital raise and the deployment of $773.4 million for token purchases since December, with an average price of $46.77 per token.

HYPE has been a significant contributor to Hyperliquid's earnings, with a one-time loss related to HYPE contributed when its business combination closed accounting for $169.2 million of the net income of $305.5 million for the fiscal year.