Hyperliquid Strategies Deploys $129.5M Into HYPE

Hyperliquid Strategies (PURR) has made a decisive move in the market, purchasing 5 million $HYPE tokens for $129.5 million at an average price of $25.90.

The acquisition significantly increases its exposure to the rapidly expanding Hyperliquid ecosystem and signals continued confidence in the protocol’s long-term trajectory.

The purchase pushes Hyperliquid Strategies’ total holdings to 17.6 million $HYPE tokens, consolidating its position as a major stakeholder in the network. Despite the substantial deployment of capital, the firm still retains $125 million in cash reserved for potential future acquisitions, indicating that its accumulation strategy may not be finished.

The transaction was first highlighted in a public market update, which can be viewed here: