Nasdaq Listed Hyperliquid DAT Announces Purchase of $25 Million Worth of HYPE Tokens
Nasdaq-listed Hyperliquid Strategies Inc. purchased $25 million in HYPE tokens, increasing its total holdings despite reporting Q4 losses due to crypto volatility.Summary
Hyperliquid Strategies Inc., a publicly listed digital asset treasury (DAT), announced the purchase of approximately $25 million worth of HYPE tokens, acquiring about 5 million tokens at an average price of $25.9 each. This acquisition brings their total HYPE token holdings to roughly 17.6 million tokens. The company detailed these moves alongside its financial results, which showed substantial paper losses stemming from cryptocurrency market volatility during the fourth quarter. CEO David Schamis stated that the firm is positioning Hyperliquid Strategies Inc. (HSI) as the leading public vehicle for capital-efficient HYPE exposure, capitalizing on Hyperliquid's growing dominance in on-chain finance. Hyperliquid still retains about $125 million in deployable capital and has access to a $1 billion equity line of credit.
(Source：BeInCrypto)