Hyperliquid HYPE Token Surges to New All-Time High
Hyperliquid's HYPE token has reached an all-time high of $84.80, up around 5% in 24 hours.
The price surge follows a 40% weekly candle that broke through the old $77 resistance level, with HYPE holding onto $77 as support.
Hyperliquid Strategies, listed on Nasdaq under the ticker PURR, has expanded its HYPE treasury to 29.3 million tokens after raising $646.6 million through a committed equity facility during fiscal year 2026.
The company deployed around $773.4 million in total, buying approximately 16.5 million HYPE at an average price of $46.77 per token. This growth comes as the company reported net income of $305.5 million for the fiscal year, with unrealized HYPE gains accounting for $709.9 million.
The AQAv2 reserve yield program now funds HYPE buybacks, potentially adding around $182 million annually under a 3% yield scenario. First distributions are scheduled for October 3.