David Schamis, CEO of HYPE treasury company Hyperliquid Strategies DAT (PURR), said on Oct. 8 that his firm was not the buyer in Hyperliquid Labs’ HYPE token over-the-counter transaction, which was valued at $320 million. The statement directly addressed market discussion around the deal’s counterparty.
Earlier reports said HyperLabs, the development team behind Hyperliquid, had sold 3.75 million HYPE through an OTC transaction. Schamis’ post rejects the idea that PURR or Hyperliquid Strategies DAT took that allocation. No additional buyer details were disclosed in the source material.
The update was first carried by BlockBeats as a 7x24 news flash.
BlockBeats reported on Oct. 8 that David Schamis, CEO of HYPE treasury company Hyperliquid Strategies DAT (PURR), said his firm was not the buyer in Hyperliquid Labs’ $320 million over-the-counter sale of HYPE tokens.
Earlier reports said HyperLabs, the development team for Hyperliquid, had sold 3.75 million HYPE through an OTC transaction.
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