Hyperliquid Strategies Doubles HYPE Treasury to $1.9 Billion

PURR stock rises as Hyperliquid Strategies reports strong balance sheet

Shares of Hyperliquid Strategies (PURR) jumped nearly 18% on Thursday after the company reported its first-half fiscal earnings. The Nasdaq-listed firm raised $647 million in equity capital and more than doubled its Hyperliquid (HYPE) token treasury to 29.3 million tokens, worth roughly $1.9 billion at the end of its fiscal year on June 30. The company has since deployed an additional $773.4 million to acquire about 16.5 million more HYPE tokens at an average cost of $46.77 each. It also spent $27.8 million repurchasing PURR shares, leaving $132.6 million in cash as of August 19.

Key numbers from the report

• $647 million raised in equity capital
• 29.3 million HYPE tokens acquired
• $1.9 billion estimated value of HYPE treasury at fiscal year-end
• $149.9 million in cash held with no debt
• $709.9 million in net unrealized gains on HYPE tokens
• PURR shares trading around $13.59
• Market capitalization of approximately $1.8 billion

What the CEO said

CEO David Schamis called the period "the year we built the platform." He said the company finished with a "fortress balance sheet" featuring meaningful cash reserves, no debt, and substantially all tokens staked and earning returns. "We are building against a protocol that is winning the parts of onchain finance that generate real fees," Schamis said in a press release. He cited perpetuals, stablecoins, real-world assets, and upcoming outcome markets as services running through a single order book and margin engine.

Official source

The primary source for this article is Hyperliquid Strategies' earnings announcement, as reported by The Block on August 27, 2026.

Other sources

President Donald Trump mentioned during an August 19 press conference that he understood Mike Selig was working to bring Hyperliquid into the United States in a fully compliant and legal fashion. The platform and its token reportedly received a boost from that statement.

What is confirmed

- Hyperliquid Strategies raised $647 million in equity capital during the first half of fiscal year 2026 - The company holds 29.3 million HYPE tokens valued at approximately $1.9 billion at fiscal year-end - PURR shares rose nearly 18% on Thursday, trading around $13.59 - The company maintains $132.6 million in cash with no debt - HYPE token price rose 77% during the quarter ended June 30 and is up more than 50% over the past month

What is still unclear

The article does not provide details on when or how Hyperliquid may launch operations in the United States, despite Trump's comments.

Why this matters for crypto investors

The report shows a publicly traded company actively accumulating and staking a major crypto token while maintaining a debt-free balance sheet. Investors in PURR gain indirect exposure to HYPE price movements, and the company's buyback program and staking strategy return value to token holders.

Sources

• The Block