According to The Block, Hyperliquid Strategies said it has raised $647 million in equity capital and more than doubled its treasury of HYPE, the native token of Hyperliquid, to 29.3 million tokens. The company said those holdings were worth about $1.9 billion at the end of the fiscal year, while it still held $149.9 million in cash and carried no debt. It also said that after that reporting point, it deployed $773.4 million to acquire about 16.5 million additional HYPE at an average cost of $46.77 per token. Separately, the firm spent $27.8 million to repurchase PURR shares. As of Aug. 19, it said it had $132.6 million in cash remaining. The figures were cited by ChainCatcher in a newsflash referencing The Block’s report.
Hyperliquid Strategies has raised $647 million in equity capital and more than doubled its treasury of HYPE, Hyperliquid’s native token, to 29.3 million HYPE, according to a report cited by ChainCatcher and attributed to The Block.
The company said those holdings were worth about $1.9 billion at the end of the fiscal year. It also said it held $149.9 million in cash at that time and had no debt.
After that, Hyperliquid Strategies said it deployed $773.4 million to buy about 16.5 million additional HYPE at an average cost of $46.77. The firm also spent $27.8 million to repurchase PURR shares. As of Aug. 19, it reported $132.6 million in cash remaining.
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