Hyperliquid Strategies Expands HYPE Treasury to 29.3M Tokens After $646.6M Raise

Hyperliquid Strategies has expanded its HYPE holdings to 29.3 million tokens after raising $646.6 million. The treasury push strengthens the company’s direct exposure to Hyperliquid’s growing trading ecosystem. Additionally, the company ended fiscal 2026 with $149.9 million in cash and no debt.

Treasury Growth Accelerates

According to the press release, the company deployed $773.4 million toward acquiring about 16.5 million HYPE tokens. Those purchases carried an average cost of $46.77 per token. Consequently, 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. Meanwhile, its remaining cash stood at $132.6 million on August 19.

Moreover, the company launched a validator with Unit that became Hyperliquid’s third-largest validator. Its HYPE hol…

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