Hyperliquid Strategies Raises $647M, Doubles HYPE Token Holdings

Hyperliquid Strategies Inc., a digital asset treasury company trading under the ticker PURR, has had a busy fiscal year. The NASDAQ-listed firm wrapped its fiscal year ending June 30, 2026, having raised $647 million in fresh equity and more than doubled the size of its HYPE token treasury.

The company issued PURR shares at an average price of $8.70 each through its committed equity facility, raising around $646.6 million. The proceeds were used to deploy $773.4 million to buy 16.5 million additional HYPE tokens, pushing the company's holdings from 12.5 million to 29.3 million, a 134% increase.

Alongside token acquisitions, Hyperliquid Strategies spent $27.8 million repurchasing approximately 5.8 million of its own PURR shares at an average price of $4.80 per share. As of June 30, the company reported $149.9 million in cash and cash equivalents, no debt, and total assets of $2.06 billion.