Hyperliquid Strategies More Than Doubles HYPE Holdings as Shares Jump 18%
Summary
- Hyperliquid Strategies said it more than doubled its HYPE holdings and that its shares jumped nearly 18%.
- The company said it bought additional HYPE at an average price of $46.77, recorded unrealized net profit of $709.9 million, and remained debt-free.
- HYPE rose 77% during the quarter and more than 50% over the past month, while policy optimism helped lift both HYPE and Hyperliquid Strategies shares.
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Nasdaq-listed Hyperliquid Strategies more than doubled its holdings of Hyperliquid's HYPE token, while its shares jumped nearly 18% on the day it reported earnings.
The Block reported on August 27 that Hyperliquid Strategies held 29.3 million HYPE tokens as of the fiscal year ended June 30. The stake was valued at about $1.9 billion at the time. Over the same period, the company raised $647 million through new share issuance and other measures.
The company continued buying HYPE after that. As of August 19, it had acquired about 16.5 million additional tokens at an average price of $46.77, spending $773.4 million. It used $27.8 million for share repurchases. The company also held $132.6 million in cash and had no debt.
Chief Executive Officer David Shamis said the year was focused on building the platform's foundation. Hyperliquid generates fees across on-chain finance, including perpetual futures, stablecoins, real-world assets and prediction markets. He added that a large share of the value created by the protocol is returned to HYPE holders through programmatic token purchases.
The rise in HYPE's price drove the company's financial performance. Hyperliquid Strategies recorded $709.9 million in unrealized net profit on its HYPE holdings. It also booked a one-time loss of $169.2 million related to HYPE contributed during the business combination process.
HYPE also remained strong. The token rose 77% during the quarter ended June 30, The Block reported. It has climbed more than 50% over the past month.
Expectations for favorable policy also lifted sentiment. President Donald Trump said at a recent press conference that Commodity Futures Trading Commission Chairman Mike Selig was working to bring Hyperliquid to the US in a fully legal manner. After those remarks, both HYPE and Hyperliquid Strategies shares moved higher.
