Nasdaq-listed Hyperliquid Strategies ($PURR) has more than doubled its $HYPE token treasury, closing its fiscal year ended June 30 with 29.3 million tokens valued at roughly $1.9 billion. The
Nasdaq-listed Hyperliquid Strategies ($PURR) has more than doubled its $HYPE token treasury, closing its fiscal year ended June 30 with 29.3 million tokens valued at roughly $1.9 billion. The results, released Thursday, sent PURR shares up as much as 18% in the session.
The digital asset treasury firm ended June with 29.3 million HYPE tokens, up from an initial 12.5 million, after raising $647 million through its committed equity facility.Shares were issued at an average price of $8.70 each.Total assets reached $2.06 billion, including $149.9 million in cash and cash-like instruments and $1.904 billion in HYPE based on the token's June 30 price of $65.04.
The company reported $305.5 million in annual net income and no debt.Hyperliquid Strategies recorded $709.9 million in net unrealized HYPE gains, partly offset by a $169.2 million one-time loss tied to tokens contributed at the business combination and $183.5 million in deferred tax expense.
The company 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.
Substantially all of the company's HYPE tokens are staked and generating income.During the 12 months ended June 30, the company recorded $9.5 million in staking revenue and validator commissions.The company described its co-operated validator as Hyperliquid's third-largest when excluding wallets connected to the Hyper Foundation.
HYPE gained about 77% in the quarter ended June 30 while the broader digital asset market fell roughly 13%. Hyperliquid's share of global perpetual futures volume reached about 9.4%, while its decentralized perpetuals open-interest share stood near 63% as of Aug. 23.
"This was the year we built the platform," CEO David Schamis said.Stockholders' equity of approximately $1.9 billion was up over 150% from the prior quarter, driven by both the appreciation of HYPE and net capital raised from issuing equity.
Sources:Yahoo Finance: Hyperliquid Strategies Shares Rise After Reporting $1.9B HYPE PositionThe Block: PURR Jumps as Hyperliquid Strategies Updates $1.9 Billion HYPE TreasuryCrypto News: Hyperliquid Strategies Doubles HYPE Holdings to 29.3M
