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Hyperliquid Strategies Inc. has announced its financial results, which reveal an aggressive expansion in its treasury with significant paper losses related to the volatility of the cryptocurrency market.
The publicly listed digital asset (dat) treasury has confirmed that it has used $129.5 million to acquire approximately 5 million additional hype tokens at an average price of approximately $25.9.
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This purchase brought the hyperliquid total to around 17.6 million tokens. The company still maintains approximately $125 million of usable, unreserved capital and maintains access to a $1 billion line of credit.
The earnings release quoted CEO David Shamis as saying: “We are encouraged by our first results since going public. We are establishing HSI as the best overall vehicle for efficient capital exposure to hype amid the accelerating dominance of hyperliquids in chain finance. Read more.