Hyperliquid Strategies Grows Hype Treasury by 130%

Hyperliquid Strategies has significantly expanded its HYPE treasury to 29.3 million tokens after raising $646.6 million. This move strengthens the company's direct exposure to Hyperliquid's growing trading ecosystem.

The company deployed $773.4 million toward acquiring about 16.5 million HYPE tokens, with an average cost of $46.77 per token. As a result, its HYPE treasury more than doubled from an initial 12.5 million tokens.

Hyperliquid Strategies also spent $27.8 million repurchasing approximately 5.8 million PURR shares. The company's remaining cash stood at $132.6 million on August 19.