Hyperliquid Strategies Inc (NASDAQ:PURR) surged up to 20% on Thursday after reporting it more than doubled its HYPE treasury to 29.3 million tokens with zero debt.
What the Earnings Report Shows
The company raised $647 million in equity capital during its fiscal year ended June 30, 2026, growing its HYPE treasury from an initial 12.5 million tokens to 29.3 million, according to a Hyperliquid Strategies press release.
Since June 30, the company deployed $773.4 million to acquire roughly 16.5 million additional HYPE tokens at an average cost of $46.77, leaving $132.6 million in cash as of August 19.
“This was the year we built the platform,” CEO David Schamis said in the release. “Most of the value that is created is returned to HYPE holders through programmatic buybacks,” he added.
