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Company

Hyperliquid Strategies

Nasdaq-listed company that holds HYPE tokens as a corporate treasury asset, trading under ticker PURR; it states it is not affiliated with Hyperliquid.

Known aliases

  • Hyperliquid Strategic Inc.
  • Hyperliquid Strategies
  • Hyperliquid Strategies Inc.
  • HyperStrat
  • PURR

Current stories

investOne report1 publisher

NEAR's $5.3 million in buybacks trails new issuance, Bitwise's research head concedes

Bitwise research head Ryan Rasmussen says NEAR's $5.3 million in buybacks since February do not yet offset new token issuance. He still backs NEAR and Hyperliquid on revenue, in an interview with Crypto Briefing.

Reality

Evidence35
Adoption50
Hype gap+30
Incentives70
Confidence55
investConfirmed7 publishers

HYPE up 17% on a sentence: Trump says the CFTC wants Hyperliquid onshore, and nothing else

A White House remark about CFTC Chairman Michael Selig repriced HYPE and a Nasdaq treasury stock. No approval, no registration path and no timeline has been put on the record.

Perspective Coverage

7 publishers
Builder
Builder 13%
Operator
Operator 36%
Investor
Investor 51%

Reality

Evidence62
Adoption20
Hype gap+55
Incentives68
Confidence60
investOne report1 publisher

Hyperliquid Strategies' 251% climb rests on a token Americans struggled to buy

Hyperliquid Strategies is up 251% this year while Bitcoin, Ethereum and Solana treasury companies have slumped. Its market value sits close to the worth of the HYPE it holds, so the gain looks more like the token's than the company's.

Publishers:fortune.com

Reality

Evidence45
Adoption
Not scored
Hype gap+35
Incentives40
Confidence40
investConfirmed3 publishers

Nasdaq's 19.99% rule gates $1.1bn of Hyperliquid Strategies' doubled HYPE facility

Hyperliquid Strategies has drawn $646.6m at an average $8.70 a share to build a 29.3 million HYPE treasury, and the new ceiling is $2.5bn, but below $12.02 a share only 42.6 million further shares can go out without a holder vote.

Perspective Coverage

3 publishers
Builder
Builder 10%
Operator
Operator 25%
Investor
Investor 65%

Reality

Evidence72
Adoption60
Hype gap+20
Incentives60
Confidence70
investOne report1 publisher

Three-quarters of the single-stock ETFs trading at the end of 2025 launched that year

Morningstar says single-stock funds, leveraged and derivative ones included, account for more than half of ETFs whose first prospectus was filed by June 30. The ten biggest hold about 44% of the category's assets.

Reality

Evidence58
Adoption62
Hype gap+12
Incentives72
Confidence55
investOne report1 publisher

Arkham traces $30M of North Korean bitcoin through the exchange Washington wants inside its perimeter

Payward's Bitnomial filing answers the market-structure question the CFTC already knows how to answer. The open item is the screening of a permissionless order book, and no answer to that question exists yet.

Reality

Evidence40
Adoption45
Hype gap+45
Incentives72
Confidence45