Hyperliquid Strategies Doubles HYPE Holdings to 29.3M Tokens

Hyperliquid Strategies, a Nasdaq-listed company focused on digital assets, has reported a significant expansion of its treasury and strong financial results for the fiscal year ended June 30, 2026. The firm raised $647 million in equity capital and used the proceeds to more than double its holdings of the HYPE token, the native asset of the Hyperliquid decentralized exchange platform.

According to the company's fiscal year results, its HYPE holdings increased from an initial 12.5 million tokens to approximately 29.28 million by June 30. At the token's price of $65.04 at the end of the fiscal year, this position was valued at approximately $1.90 billion. The company also held $149.9 million in cash and cash equivalents, bringing total assets to $2.06 billion. Stockholders' equity stood at $1.87 billion, and the company reported zero debt.

The capital raise was primarily executed through a committed equity facility, which generated $646.6 million at an average issuance price of $8.70 per PURR share. Since its business combination closed on December 2, 2025, Hyperliquid Strategies has deployed $773.4 million to purchase about 16.5 million HYPE tokens at an average cost of $46.77...