Nasdaq-Listed Hyperliquid DAT Announces Purchase of $25 Million Worth of HYPE Tokens

Hyperliquid Strategies Inc. has launched its monetary outcomes, detailing an aggressive enlargement of its treasury alongside substantial paper losses linked to crypto market volatility.

The publicly listed digital asset treasury (DAT) confirmed that it deployed $129.5 million to accumulate roughly 5 million further HYPE tokens at a median value of about $25.9.

Hyperliquid Strategies Expands HYPE Treasury Despite Volatility and This fall Losses

The buy brings Hyperliquid’s whole holdings to roughly 17.6 million tokens. Reportedly, the agency nonetheless retains about $125 million in deployable capital, excluding reserves.

Further, the earnings launch signifies that entry to a $1 billion fairness line of credit score will probably be maintained. They additionally reported whole property of $616.7 million as of December 31, 2025, together with:

• $281.9 million in money and
• $327.6 million in HYPE tokens valued at year-end costs.

The firm additionally reported $589.8 million in stockholders’ fairness and no debt.

Revenue remained modest, consisting of roughly $0.9 million in curiosity earnings and $0.5 million in staking rewards.

However, the corporate recorded a internet loss of $317.9 million, pushed primarily by $262.4 million in unrealized losses on HYPE token holdings. There are additionally one-time accounting costs and deferred tax expenses.

Operating bills and analysis and improvement prices totaled about $3.5 million for the reporting interval. This displays the corporate’s restricted operational footprint past treasury administration.

CEO David Schamis acknowledged that short-term outcomes have been affected by market conditions. However, he argues that the stability sheet and staking yields assist the broader thesis.

“We are inspired by our early execution since going public. We are establishing HSI because the main public car for capital-efficient HYPE publicity amid Hyperliquid’s accelerating dominance in on-chain finance,” read an excerpt within the earnings launch, citing Schamis.

Indeed, Hyperliquid Strategies accomplished its NASDAQ itemizing in December 2025 by a business combination with Sonnet BioTherapeutics. With the transfer, they established an preliminary treasury of 12.5 million HYPE tokens and $300 million in money contributed by buyers.

Ecosystem Growth Underpins Hyperliquid Strategy

The firm’s technique stays carefully tied to the expansion of the Hyperliquid ecosystem, which it says is producing greater than $800 million in annual charges. It additionally processes billions of {dollars} in day by day buying and selling quantity.

New initiatives, together with portfolio margining and prediction markets, are anticipated to additional develop use circumstances and payment era.

Wallet integrations and the speedy development of RWA perpetual contracts have been additionally cited as key drivers of community adoption and long-term demand for the HYPE token.

Hyperliquid Strategies additionally introduced a relaunch of its company web site, which is able to embrace a frequently up to date adjusted internet asset worth (NAV) dashboard to enhance transparency for buyers.

PURR and HYPE Price Actions Remain Volatile

Shares of Hyperliquid Strategies (PURR)  have proven vital volatility in latest weeks, reflecting each crypto market sentiment and the corporate’s token-centric stability sheet.

As of this writing, PURR was buying and selling for $4.63 after fluctuating inside a variety of roughly $3.2 to $5.8 over the previous month.

In the identical manner, HYPE, the powering token for the Hyperliquid ecosystem, additionally exhibits unfavorable efficiency, buying and selling for $29.26 as of this writing.

As Hyperliquid Strategies continues accumulating HYPE tokens, buyers seem like weighing the corporate’s long-term thesis on on-chain finance in opposition to the near-term volatility inherent in crypto-denominated treasuries.

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