Hyperliquid Strategies Inc. (NASDAQ:PURR) stock is heading to new record highs on Friday following a blockbuster fiscal year 2026 earnings report released Thursday.
On Friday, Chardan Capital maintained its Buy rating on Hyperliquid Strategies and raised its price target to $17.
Treasury Expansion Drives Annual Growth
The company raised $647 million in equity capital during its fiscal year ended June 30, 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 Aug. 19.
