Hyperliquid Expands Equity Facility to $2.5B in Hype Token Play

Hyperliquid Strategies Inc. has expanded its equity purchase commitment with Chardan Capital Markets LLC from $1 billion to $2.5 billion, according to an amendment filed with the U.S. Securities and Exchange Commission on September 1.

The larger facility gives the company an additional $1.5 billion of aggregate equity purchase capacity, subject to the agreement's terms. The expansion comes as Hyperliquid Strategies pursues a treasury-building strategy centered around its HYPE token.

As of June 30, the company had sold approximately $647 million of shares through the facility, according to The Block's reporting on the company's latest SEC filings.