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      Hyperliquid Strategies Raises $647 Million, Expands HYPE Token Treasury

      Hyperliquid Strategies Inc., a NASDAQ-listed digital asset treasury company, has successfully raised approximately $647 million in fresh equity, significantly increasing its HYPE token treasury. The company, which trades under the ticker PURR, concluded its fiscal year on June 30, 2026, with total assets amounting to $2.06 billion and no debt.

      The capital raise was achieved through a committed equity facility, with shares issued at an average price of $8.70. Following this, Hyperliquid Strategies deployed $773.4 million to acquire an additional 16.5 million HYPE tokens at an average price of $46.77 each, boosting its treasury from 12.5 million to 29.3 million tokens, marking a 134% increase. Additionally, the company repurchased approximately 5.8 million of its own PURR shares for $27.8 million, averaging $4.80 per share.

      Hyperliquid Strategies was established through a reverse merger in December 2025 and has garnered backing from notable investors, including Atlas Merchant Capital and Paradigm. The company has also enhanced its role within the Hyperliquid ecosystem by launching the Hyperliquid Strategies x Unit validator, becoming the third-largest validator on the network. Institutional interest is growing, highlighted by a stake acquisition from the Duquesne Family Office, associated with investor Stanley Druckenmiller, and increased inflows from index-tracking funds following PURR's inclusion in major financial benchmarks.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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