Market Performance
Tokenized Assets
| Ticker | Exchange | Price | 24H | Spread | Liquidity ±2% | 24H Volume | OI | Funding | Max Leverage | Fees |
|---|
Revenue & Burn
Protocol income
$91.23KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Sep 2026 | $91.23K | -- | -- | -- |
| Aug 2026 | $57.15K | -- | -- | -- |
| Jul 2026 | $53.68K | -- | -- | -- |
| Jun 2026 | $49.51K | -- | -- | -- |
| May 2026 | $16.41K | -- | -- | -- |
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About Hyperliquid Strategies Inc
Hyperliquid Strategies Inc (NASDAQ: PURR) is a digital asset treasury company focused on accumulating HYPE, the native token of the Hyperliquid blockchain. Its core business is to hold and stake HYPE tokens to generate yields, while also operating a validator node on the Hyperliquid network. The company aims to provide U.S. and institutional investors with a regulated, capital-efficient way to gain exposure to HYPE, which they might otherwise find difficult to access directly.
The main pain point it addresses is the lack of safe, compliant, and professionally managed vehicles for holding large amounts of HYPE. By keeping its assets with Anchorage Digital, a qualified custodian, and running its own validator, it adds a layer of security and governance participation that individual holders may not achieve on their own.
In the past six months (February to August 2026), the company went through a reverse merger to become publicly listed, launched a joint validator with Unit Labs in May, and significantly grew its HYPE treasury. As of its August 2026 earnings report, it held 29.3 million HYPE tokens (up from 12.5 million), bought back shares, and reported $149.9 million in cash with no debt. Its stock price and mNAV (market value relative to net asset value) rose notably during this period. No major negative events were reported in the last two years.
Hyperliquid Strategies Inc (NASDAQ: PURR) has achieved several long-term milestones since its inception. In March 2026, options trading on PURR commenced on the Nasdaq Options Market, enhancing liquidity and investor access to the premier publicly traded vehicle for HYPE exposure. In May 2026, the company jointly launched a Hyperliquid validator with Unit Labs, becoming one of the largest on the network and directly contributing to the protocol's decentralization and governance. During Q2 2026, Duquesne disclosed its first investment in HSI, holding $23 million worth of PURR shares as of June 30. In August 2026, HSI reported its fiscal year results, revealing a doubled HYPE treasury (from 12.5M to 29.3M tokens), a fortress balance sheet with $149.9M cash and zero debt, and the completion of its exit from legacy biotech operations. These milestones underscore HSI's evolution into a core infrastructure player and institutional-grade treasury platform within the Hyperliquid ecosystem.
Hyperliquid Strategies Inc (NASDAQ: PURR) reported FY2026 results (ended June 30, 2026). Revenue: $12.2M ($9.5M staking + $2.7M interest). Net income: $305.5M, driven by $709.9M unrealized HYPE gains offset by $169.2M one-time loss, $35.6M IPR&D write-off, and $183.5M deferred tax. Balance sheet: $2.06B assets, $1.9B HYPE tokens (29.3M), $150M cash, zero debt. Performance: Strong capital position, but core income is modest relative to token holdings; profitability relies heavily on token appreciation, reflecting treasury strategy rather than operational earnings.
Over the past six months (Feb 28 – Aug 29, 2026), Hyperliquid Strategies Inc (NASDAQ: PURR) reported Q3 FY2026 results (May 7) and FY2026 annual results (Aug 27). Key milestones: launched a validator with Unit Labs (May 2026), operated as Hyperliquid Strategies × Unit, with treasury HYPE staked and custodied at Anchorage. The company raised $646.6M via equity facility, deployed $773.4M to accumulate ~16.5M HYPE (avg $46.77), and repurchased ~5.8M PURR shares. Treasury HYPE grew from 12.5M to 29.3M tokens. Future focus: continue disciplined capital deployment, staking/yield optimization, active ecosystem engagement, and bridging TradFi to Hyperliquid's onchain markets.
Hyperliquid Strategies Inc (NASDAQ: PURR) key executives:
David Schamis, CEO & President. Founding Partner & CIO of Atlas Merchant Capital; previously Managing Director at J.C. Flowers (2000-2014) and Associate at Salomon Brothers (1995-2000).
Brett Beldner, CFO, Secretary & Treasurer. Seasoned finance professional with experience in DeFi (Hard Yaka Ventures, Digital Currency Group) and traditional finance (Macquarie, Barclays, Lehman Brothers, PwC).
Jeroen Nieuwkoop, COO. Former Group Chief Strategy Officer at AGBA (2020-2025); Managing Director at Primus Pacific Partners (2005-2020); earlier at Fubon Financial and Salomon Brothers.
Rob Diamond, Director of Corporate Affairs. Previously Director of Corporate Communications at Atlas Merchant Capital; worked at Deutsche Bank, Goldman Sachs, and Council on Foreign Relations.
Bob Diamond, Chairman of the Board. (No detailed bio provided in the reference.)