Nasdaq-listed Hyperliquid Strategies reported first-half fiscal earnings Thursday morning, raising $647 million in equity capital.
The firm more than doubled its Hyperliquid (HYPE) treasury to 29.3 million tokens, valued at roughly $1.9 billion at the end of its fiscal year ended June 30.
Hyperliquid Strategies, which trades under the ticker PURR, maintains $149.9 million in cash and no debt.
The company said it has since deployed $773.4 million to acquire about 16.5 million additional HYPE at an average cost of $46.77 and spent $27.8 million repurchasing PURR shares, leaving $132.6 million in cash as of Aug. 19.
"This was the year we built the platform," CEO David Schamis said in a press release.
