HL
© 2026 Hyperliquid Strategies Inc
NASDAQ: PURR ®

Hyperliquid
StrategiesThe Premier Digital Asset Treasury Platform
Focused on the Hyperliquid Ecosystem

Delivering capital-efficient access to HYPE, the native token of Hyperliquid — the blockchain custom-built to house all of finance. The largest HYPE-focused digital asset treasury ever formed.

Position Value1
HYPE Tokens Held2

1 Position Value represents the number of HYPE tokens held as of the latest update of our dashboard multiplied by the current HYPE token price.

2 HYPE Tokens Held represents the number of HYPE tokens held as of the latest update of our dashboard.

LARGEST HYPE TREASURY /DIGITAL ASSET TREASURY STRATEGY /INSTITUTIONAL HYPE EXPOSURE HYPERLIQUID NATIVE /CAPITAL EFFICIENT DEPLOYMENT /PUBLICLY TRADED NASDAQ: PURR / LARGEST HYPE TREASURY /DIGITAL ASSET TREASURY STRATEGY /INSTITUTIONAL HYPE EXPOSURE HYPERLIQUID NATIVE /CAPITAL EFFICIENT DEPLOYMENT /PUBLICLY TRADED NASDAQ: PURR / LARGEST HYPE TREASURY /DIGITAL ASSET TREASURY STRATEGY /INSTITUTIONAL HYPE EXPOSURE HYPERLIQUID NATIVE /CAPITAL EFFICIENT DEPLOYMENT /PUBLICLY TRADED NASDAQ: PURR / LARGEST HYPE TREASURY /DIGITAL ASSET TREASURY STRATEGY /INSTITUTIONAL HYPE EXPOSURE HYPERLIQUID NATIVE /CAPITAL EFFICIENT DEPLOYMENT /PUBLICLY TRADED NASDAQ: PURR /
01 About HSI
We are the largest Hyperliquid digital asset treasury ever formed. And that scale matters — it creates exciting opportunities in yield generation and gives us an important voice in the Hyperliquid community.

Hyperliquid Strategies Inc (NASDAQ: PURR) is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid.

HSI aims to provide capital-efficient and productive access to the HYPE token for U.S. and institutional investors, generating compounding shareholder returns through staking, yield optimization, and active ecosystem engagement.


02 Shaping the Future
Our Vision
NASDAQ: PURR

The Future of Finance Will Be Built on the Blockchain

It will be transparent. Globally accessible. Fast, cheap, and available 24/7. Hyperliquid is the blockchain that will house all of finance — one of the highest revenue generating blockchains in the world.

01

Capital-Efficient Access

Disciplined execution of our treasury strategy, maximizing per-share exposure for shareholders.

02

Compounding Returns

Staking, yield optimization, and active ecosystem engagement that individual holders cannot replicate.


03 Insights
View All →

05 Validator Operations
Active Ecosystem Engagement
Live since May 2026
Hyperliquid Strategies × Unit

A Validator on Hyperliquid

In May 2026, HSI launched a Hyperliquid validator together with Unit Labs — operated as Hyperliquid Strategies × Unit. The majority of the initial stake is delegated from our treasury HYPE, custodied at Anchorage Digital Bank.

Beyond yield, our reason for running validator infrastructure is to contribute directly to Hyperliquid's decentralization, resilience, and governance. Substantive protocol changes require an onchain majority vote of staked HYPE — and we want HSI to be present in that conversation.

Operator
HSI × Unit
Operated jointly with Unit Labs, the leading deployer in the Hyperliquid ecosystem and parent company of Unit and TradeXYZ.
Custody
Anchorage Digital
Treasury HYPE custodied at Anchorage Digital Bank, a federally chartered crypto bank.
Stake Source
Treasury HYPE
Majority of initial stake delegated from HSI's own treasury holdings.
Validator Set
24 → 27
Permissionless validator set, expanding from 24 to 27 active validators.

06 Treasury Strategy
Accumulation

Treasury Strategy

Disciplined capital raising and deployment strategy to maximize shareholder value.

Capital Deployment

A clear framework drives accumulation of HYPE tokens or repurchase of PURR shares.

Yield Generation

Staking Yields

Objective to stake 100% of HYPE tokens, creating material compounding returns.

DeFi Optimization

Active yield optimization across Hyperliquid's DeFi landscape.

Ecosystem

Community Voice

Our scale gives us an important voice in governance.

Compliance Focus

Highest internal risk and compliance standards, world-class strategic and operating partners.


Gain Exposure to
One of the Most Exciting Opportunities
in Global Finance

Our shares trade on NASDAQ under the ticker PURR. Backed by a highly experienced leadership team and distinguished board of directors.

Home / About / Overview

Overview

The premier digital asset treasury platform focused on the Hyperliquid ecosystem.

Hyperliquid Strategies Inc (NASDAQ: PURR) is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain custom-built to house all of finance.

HSI aims to provide capital-efficient and productive access to the HYPE token for U.S. and institutional investors, generating compounding shareholder returns that individual holders may not be able to replicate through staking, yield optimization, and active ecosystem engagement.

HSI is currently the largest HYPE-focused digital asset treasury vehicle capitalizing on Hyperliquid's rapid growth and providing exposure to one of the largest and fastest growing revenue pools in digital assets.

Hyperliquid Strategies leadership ringing the Nasdaq opening bell on listing day
HYPERLIQUID STRATEGIES · NASDAQ LISTING DAY
◆ Listed on Nasdaq

The Largest Hyperliquid Digital Asset Treasury Company

We are the largest Hyperliquid digital asset treasury ever formed. And that scale matters. It helps to create exciting opportunities in yield generation and gives us an important voice in the Hyperliquid community.

The Hyperliquid Ecosystem

Hyperliquid continues to solidify its position as the blockchain to house all finance, with its dominant perpetuals DEX generating over $800M in annual fees and processing billions in daily trading volumes.

Our Strategy

Our primary objective is to increase our shareholders' per-share exposure to HYPE in the most efficient way possible through disciplined capital deployment, staking, yield optimization, and active ecosystem engagement.

Active Ecosystem Engagement

In May 2026 we launched a validator on Hyperliquid together with Unit Labs — operated as Hyperliquid Strategies × Unit — with the majority of the initial stake delegated from our treasury HYPE, custodied at Anchorage Digital Bank. Running professional-grade validation infrastructure contributes directly to Hyperliquid's decentralization, resilience, and governance.

Beyond the validator, HSI engages with traditional financial institutions evaluating the Hyperliquid ecosystem — sometimes by considering our equity, sometimes by seeking direct HYPE exposure, sometimes by exploring builder-code distribution opportunities. We see our role as building conceptual bridges between TradFi and the emerging onchain market structure.

Leadership Team →Board of DirectorsRead our Insights
Home / About / Leadership

Leadership Team

Experienced executives driving HSI's mission. Click any profile to read their full bio.

David Schamis
Chief Executive Officer & Director
David Schamis
CEO & President
Brett Beldner
Chief Financial Officer
Brett Beldner
CFO, Secretary & Treasurer
Jeroen Nieuwkoop
Chief Operating Officer
Jeroen Nieuwkoop
COO
Rob Diamond
Director of Corporate Affairs
Rob Diamond
Director of Corporate Affairs
Home / About / Board

Board of Directors

A distinguished board providing governance and strategic guidance. Click any profile to read their full bio.

Bob Diamond
Chairman
Bob Diamond
David Schamis
Director
David Schamis
Eric Rosengren
Director
Eric Rosengren
Jeff Tuder
Director
Jeff Tuder
Thomas C. King
Director
Thomas C. King
Larry Leibowitz
Director
Larry Leibowitz
Nailesh Bhatt
Director
Nailesh Bhatt
Albert Dyrness
Director
Albert Dyrness
Home / Dashboard

Dashboard

Selected financial metrics and live Adjusted Net Asset Value calculations powered by real-time HYPE token pricing.

Date of last update: 06/11/2026

Date of next update: 06/18/2026

UPDATED WEEKLY · LIVE WITH HYPE TOKEN PRICE

This section provides two calculations of Adjusted Net Assets (both yielding the same result), allowing investors to understand Adjusted Net Asset Value from the perspective of (i) adjustments to the latest reported Net Asset Value (table on the left) and (ii) the key components of Adjusted Net Asset Value (table on the right).

Please read the explanation and disclaimer below carefully before relying on any of the information presented here. The information and metrics provided here are for informational purposes only and do not constitute investment, financial, tax, legal, or other professional advice, nor do they represent a recommendation, solicitation, or offer to buy, sell, or hold any securities, including PURR shares or HYPE tokens.

Dashboard Explanation and Disclaimer

Source of Information, Frequency of Updating and Calculations

The following items presented in this section are based on Company estimates and are expected to be updated on a weekly basis:

  1. HYPE Tokens Held
  2. Shares Outstanding
  3. Cash From Operations
  4. Cash From Financing
  5. Treasury Deployment
  6. Estimated Deferred Tax Liability
  7. Cash Holdings
  8. Other Adjustments

The following items presented in this section are sourced from external sources and are expected to be updated continuously (subject to relevant trading hours):

  1. Latest Token Price (HYPE)
  2. Latest Share Price (PURR)

The following items presented in this section are based on the Company's latest public filing:

  1. Net Asset Value
  2. Reported Value of Digital Assets

The following items presented in this section are calculated based on the following formulas:

  1. Value of Digital Assets = (1) × (9)
  2. Market Cap = (2) × (10)
  3. Adjusted Net Asset Value
    • = (11) – (3) + (4) – (5) – (12) + (13) – (6)
    • = (13) + (7) – (6) + (8)
  4. Net Asset Value Per Share = (15) ÷ (2)

Disclaimer

The information and metrics displayed on this dashboard—including, but not limited to, data on Hyperliquid Strategies Inc's (the "Company") common stock, current HYPE token holdings, HYPE token price, Adjusted Net Asset Value and other reported figures—are provided solely for informational and illustrative purposes. They do not constitute investment, financial, tax, legal, or other professional advice, nor do they represent a recommendation, solicitation, or offer to buy, sell, or hold any securities, including PURR shares or HYPE tokens.

No Reliance for Investment Decisions

Viewers should not rely on this dashboard or any information herein when making investment or financial decisions. All investments, particularly in volatile digital assets like HYPE, involve significant risk of loss, including the potential for total loss of principal. There is no assurance of positive returns, preservation of capital, or achievement of any particular outcome over any time period.

Past Performance and Forward-Looking Information

Historical performance of HYPE tokens, the Company's stock (PURR), or any related metrics is not indicative of future results. Market trends, token prices, and asset values can fluctuate dramatically due to factors such as volatility, regulatory changes, macroeconomic conditions, technological developments, or shifts in market sentiment. Future performance may differ materially from past results or any implied expectations. Certain metrics, such as Adjusted Net Asset Value, are non-GAAP key performance indicators (KPIs) used internally to support the Company's Treasury Strategy; they have inherent limitations (e.g., they do not fully account for existing or future liabilities) and should not be viewed as measures of financial performance, valuation, liquidity, or investment suitability. Investors should rely exclusively on the Company's audited financial statements and comprehensive disclosures in its SEC filings.

Third-Party Data and Timeliness

Information sourced from third parties is believed to be reliable but is not independently verified or guaranteed by the Company. Metrics may not reflect real-time values, could be delayed, or may change without notice due to market movements or data source updates.

Risk Awareness and SEC Filings

Investing in the Company or exposure to HYPE tokens carries substantial risks, including extreme price volatility, regulatory uncertainty, liquidity constraints, counterparty risks, and other factors detailed in the Company's public filings with the U.S. Securities and Exchange Commission (SEC). Viewers are strongly encouraged to carefully review all risk factors, forward-looking statements, and other disclosures in those SEC filings (available at sec.gov) before making any investment decisions.

The Company disclaims any obligation to update or revise any information in this section except as required by applicable law. By accessing this section, you acknowledge and agree that you have read and understand this disclaimer.

Home / Investors

Investor Relations

Transparent, capital-efficient access to HYPE for our shareholders.

News & Events

Press releases, webcasts, and announcements.

Company Information

Corporate profile and key facts.

Financial Results

Quarterly and annual reports.

Stock Data

PURR quotes and analyst coverage.

SEC Filings

10-K, 10-Q, 8-K, S-1 filings.

Governance

Documents, charters, and policies.

Contact IR

Email: investors@hypestrat.xyz

Home / Investors / News & Events

News & Events

Home / Investors / News & Events / Press Release

Press Release

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Home / Insights

HSI Insights

Watch, listen, and read. Interviews, podcast appearances, and long-form analysis from the Hyperliquid Strategies team on Hyperliquid's market structure, the institutional adoption of digital assets, and the bridge between TradFi and DeFi.

Research & Analysis
Watch & Listen

HSI leadership — CEO David Schamis and Chairman Bob Diamond — on television, video, and podcasts: the HYPE treasury strategy, why Hyperliquid, and the bridge between Wall Street and onchain finance. Press play to watch or listen right here, or open the original.

Home / Insights / Article

Article

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JN

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Home / Investors / Presentations

Investor Presentations

Quarterly earnings presentations and supplemental investor materials. Click any document to view in-browser or download.

Earnings Presentations
About these presentations

These are the official quarterly earnings presentations distributed alongside each earnings call. Each file is hosted directly on this site (not on a third-party CDN) for long-term archival reliability. For supplemental disclosures, please refer to the SEC Filings page or contact Investor Relations.

Home / Investors / IR Calendar

IR Calendar

Upcoming and past investor events for Hyperliquid Strategies Inc — earnings calls, corporate milestones, and investor conference participation.

Upcoming
Past Events

Earnings webcasts and replays are also accessible from News & Events. To receive future calendar invites by email, subscribe via Email Alerts.

Home / Investors / Company Info

Company Information

investors@hypestrat.xyz

Home / Investors / Financial Results

Financial Results

Quarterly earnings releases, webcasts, presentations, and SEC filings.

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Investor Presentation

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Home / Investors / News & Events / Earnings Webcast

Earnings Webcast

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All Earnings Calls

Home / Investors / Stock

Stock Data

Chart

Hyperliquid Strategies Inc

NASDAQ Capital Market: PURR

Daily closing prices for PURR common stock on the NASDAQ Capital Market. The official NASDAQ close is the price of record. Live, continuous pricing from the Hyperliquid PURRDAT perpetual is shown in its own chart further down this page.  Charts by TradingView

Hyperliquid Strategies Inc (PURR)
(—) R
Bid: × Ask: ×
Volume:
USD| NASDAQ CAPITAL MARKET| DELAYED PRICE| MARKET CLOSED
ANALYST COVERAGE

Firm, rating and published price target only. Full analyst reports are the copyright of the issuing firms and are not redistributed here.

Detailed Information

LATEST TRADING DAY--
Last (Close)--
Volume--
$ Chg vs Prior--
% Chg vs Prior--
Open--
Prev. Close--
Day High--
Day Low--
Bid(live-only)
Ask(live-only)
SHARE INFORMATION
52-Week High
52-Week Low
ExchangeNCM
Common Shares Outstanding1
Common Market Capitalization--
Common Shares Outstanding (assuming Preferred conversion)2
Common + Preferred Market Capitalization--
Fully Diluted Shares Outstanding3--
Fully Diluted Market Capitalization--
CUSIP46163K104

1 Number of Company Common Stock is shown as of the latest date when the Company dashboard included in this website was updated (please refer to the Dashboard section of our website to check the latest updating date).

2 Includes 26,587,647 shares of Company Common Stock issuable upon the conversion of outstanding shares of the Company Series A Preferred Stock (subject to certain blocker provisions).

3 Dilutive securities include the dilutive impact of warrants outstanding with an exercise price below the current price of HSI common stock ("in-the-money warrants"), calculated on a cashless exercise basis, together with any other dilutive instruments, as applicable. Out-of-the-money warrants are excluded but would become dilutive if the share price exceeds their exercise prices.

LISTED OPTIONS

Standardized equity options on PURR common stock, listed since March 2026. Live chain via NASDAQ (quotes delayed). Implied volatility is computed (Black-Scholes, from the mid price and the live PURR price) and is an estimate. Full chain: NASDAQ · Yahoo Finance.

Call IVCall VolCall OICall BidCall AskCall LastStrikePut LastPut BidPut AskPut OIPut VolPut IV
Loading options chain…
RELATED HYPERLIQUID MARKETS

PURRDAT — a HIP-3 perpetual contract referencing PURR — trades on Hyperliquid alongside hundreds of other reference assets enabled by the HIP-3 mechanism. PURRDAT was deployed permissionlessly through the HIP-3 framework that allows any builder to list any reference asset.

Important: HSI did not create and does not operate PURRDAT. It is referenced here for completeness and transparency only. Its existence and pricing should not be construed as guidance, endorsement, or a recommendation by HSI. Investors should rely on the NASDAQ-listed PURR common stock as the authoritative trading instrument.

PURRDAT — Live Perpetual Price
Live 24/7
$--.-- --
24h High -- 24h Low -- 24h Vol --

Live, 24/7 pricing from PURRDAT, the Hyperliquid perpetual referencing PURR. As a perpetual it can trade above or below the NASDAQ price, usually by cents and occasionally a dollar or two. This is not the official price of record.  Charts by TradingView

Historical Data

Daily OHLCV, VWAP, % change, $ change, trade value, and trade count for PURR common stock. History from December 3, 2025 (first trading day post-listing). Refreshed nightly; the most-recent rows may show "—" in VWAP, trade value, and trade count until the morning refresh.

← swipe sideways to see all 11 columns →
Date Open High Low Close VWAP Volume % Chg $ Chg Trade Val # Trades
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View on NASDAQ → Yahoo Finance →
Home / Investors / SEC

SEC Filings

Auto-populated from the SEC EDGAR database — CIK 0002078856.

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Home / Investors / Governance

Corporate Governance

Hyperliquid Strategies Inc is committed to strong corporate governance and the highest standards of business conduct and ethical behavior. Our Board of Directors has established a governance framework designed to promote the long-term interests of stockholders, maintain Board independence, and ensure effective oversight of the Company's management and operations.

The Board of Directors has established three standing committees, each composed entirely of independent directors, to assist in its oversight responsibilities.

Committee charters and key corporate-governance documents are hosted directly on this site. SEC-filed exhibits are mirrored from EDGAR so they remain accessible even when the source page changes. For copies in alternate formats, contact investors@hypestrat.xyz.

Committee Charters
DocumentAccess
Audit and Risk Committee CharterView Charter (PDF) →
Compensation Committee CharterView Charter (PDF) →
Nominating and Corporate Governance Committee CharterView Charter (PDF) →
Corporate Governance Documents
DocumentFiled / EffectiveAccess
Amended and Restated Certificate of IncorporationDec 2, 2025View (HTML) →
Amended and Restated BylawsDec 2, 2025View (HTML) →
Code of Business Conduct and EthicsAdopted Dec 2, 2025View (PDF) →

The Company is led by an experienced management team with deep expertise in financial services, digital assets, and capital markets.

Click any name below to read the full biography in a popup. No page change.

Home / Contact

Contact Us

Investor relations and corporate contacts for Hyperliquid Strategies Inc

Investor Relations

Investor inquiries, earnings information, and questions about Hyperliquid Strategies Inc

Web www.hypestrat.xyz
Ticker NASDAQ: PURR
CIK 0002078856

Corporate Headquarters

Principal executive office and mailing address.

Address 477 Madison Avenue, 22nd Floor
New York, NY 10022
CUSIP 46163K104
Exchange Nasdaq Stock Market, LLC
Send a Message

Use the form below to reach Investor Relations. We aim to respond within two business days. For urgent matters please email investors@hypestrat.xyz directly.

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By submitting this form you consent to Hyperliquid Strategies Inc storing your message for the purpose of responding to your inquiry. Do not submit any material non-public information (MNPI).

Home / Analytics / HYPE Tokenomics

HYPE Tokenomics

HYPE token supply, allocation, and burn mechanics. All figures are based on various articles in the public domain and on-chain state — not from HSI's books.

01 Detailed Breakdown
← swipe sideways to see all columns →
CategoryTokens%Value

Token counts and percentages are based on various articles in the public domain and on-chain state. The Value column is computed at the current HYPE price and moves in real time. Source: Hypeburn.fun & hypurrscan.io.

02 Live Network Data
Real-time HYPE economics
Source: Hyperliquid
◆ HYPE Price
--
Live via Hyperliquid (30s refresh)
◆ Outstanding Token Supply Value
--B
Live HYPE price × OTS (476.6M)
◆ HSI Position Value1,2
--B
HYPE held × live price
◆ Burn Analytics
Assistance Fund & OTS movement

1 Position Value represents the number of HYPE tokens held as of the latest update of our dashboard multiplied by the current HYPE token price.

2 Treasury figures, including HYPE tokens held, are as of the date of last update shown on the dashboard. The HYPE token price and any value derived from it, including Position Value, update in real time.

03 Methodology

Outstanding Token Supply: How We Count HYPE

Any per-token or market-capitalization analysis depends entirely on which token count sits in the denominator. For HYPE, the figures most commonly cited — a one-billion genesis supply at the top, and a narrower “circulating supply” at the bottom — each answer a different question, and neither is the right basis for valuation on its own. The table above sets out the measure we use: Outstanding Token Supply (OTS). This note explains how we derive it and why.

Why one billion is the wrong anchor

HYPE’s genesis supply of 1,000,000,000 tokens, minted at launch, is best understood as analogous to a company’s authorized shares. It is an upper bound, not a measure of ownership or value. It includes large allocations that have never been issued and may only enter circulation in the future — in most cases in exchange for additional value creation across the network. Valuing the token off the full one billion is equivalent to valuing a company off its authorized share count, which no analyst would do.

We therefore start from the genesis supply and remove everything that does not represent an existing or contractually committed claim on the token’s value today.

What we remove, and why

Future Emissions & Community Rewards. This is the largest deduction and the most important. These tokens have been reserved for future distribution; they have not been issued. They may be released over time as incentives for trading activity, liquidity provision, staking, or any other form of ecosystem development. Because their issuance is contingent on — and expected to coincide with — future value creation, counting them today would overstate present potential dilution. This is the closest analog to authorized-but-unissued shares set aside for a future incentive pool.

Hyper Foundation and Community Grants. Treated on the same basis: allocations reserved for ecosystem development and grant-making, rather than tokens outstanding in the market. They are excluded from the relevant base.

Assistance Fund. These are tokens the protocol has repurchased on the open market through its fee-funded buyback mechanism and accumulated in a protocol-controlled system address. Following a December 2025 validator governance vote, they are treated as permanently removed from both circulating and total supply. We are deliberately precise on terminology here: the tokens have not been destroyed in a burn transaction. They sit at a system address that has no private key and is inaccessible absent a protocol hard fork, and the validator vote constitutes binding social consensus never to authorize such access. The economic effect is a permanent retirement — directly analogous to shares repurchased and retired into treasury — so we deduct them.

HyperCore & HyperEVM Fees. This category, by contrast, reflects tokens that have been burned in the literal sense. The protocol permanently destroys HYPE through two fee mechanisms — HyperCore protocol-related burns and HyperEVM gas-fee-related burns — with the burned tokens removed from supply. For more detail on the underlying mechanism, see this explanation. Because these burned tokens no longer exist, they are deducted.

What remains: Outstanding Token Supply

What is left after these deductions is Outstanding Token Supply (“OTS”) — the tokens that either are already in circulation or are committed to identified holders under a fixed, publicly known schedule.

OTS is similar to a fully diluted shares-outstanding figure: issued shares plus granted equity that vests on a set schedule, excluding both authorized-but-unissued shares and retired treasury stock. OTS sits deliberately between the two figures the market usually quotes — broader than reported “circulating supply,” and narrower than the one-billion genesis supply.

OTS has two components:

Core Contributors. We include the full Core Contributor allocation. These tokens are subject to vesting and lockups and are not yet entirely unlocked, but the vesting schedule is fixed and published. Because the schedule is known and these tokens are expected to vest in the foreseeable future, we count them in full rather than waiting for each tranche to unlock. For the avoidance of doubt, if this were a “regular” public company, we think many if not all of these unvested amounts would not be counted in the company’s shares outstanding — but because we want to be conservative and we believe these tokens will vest, we have included them in full.

Circulating Token Supply. The remainder is HYPE in free circulation: issued, unlocked, and freely transferable.

What we don’t remove

Our deductions are reserved for HYPE that is either not yet a committed claim on value (future emissions, foundation and grant allocations) or permanently gone (the Assistance Fund and fee burns). We do not, by contrast, deduct tokens simply because they sit out of circulation today and may remain so for some time. Lock-up status is not, by itself, relevant to valuation: a token contractually committed to an identified holder is a claim on the network’s value whether or not it can be moved this week — much as a vesting equity grant counts toward fully diluted shares well before it becomes transferable.

The HIP-3 deployer requirement is illustrative: each active deployer must stake 500,000 HYPE that is protocol-locked and non-transferable for the duration of its activity, so those tokens are effectively removed from economic circulation while active. There may be a case for deducting them — but, unlike the Assistance Fund, HIP-3 staked tokens are not permanently retired; they are released if and when a deployer exits, so we do not deduct them.

A live measure

The table above updates in real time. The genesis supply is fixed, but every other line moves — emissions are distributed, the Assistance Fund continues to accumulate, fee burns continue, and core-contributor tranches vest into free circulation. OTS is constructed to remain the consistent, economically meaningful denominator throughout.

Home / Comparative Returns

Comparative Returns

PURR vs the market-cap-weighted BTC, ETH and SOL treasury baskets — each rebased to 100 at Dec 3, 2025.

01 PURR vs DAT Peers

PURR measured directly against the market-cap-weighted BTC, ETH and SOL DAT peer baskets — each rebased to 100 at the start of the window. Live daily closes from U.S. equity markets (trading days only — its own time-frame, independent of the 24/7 crypto chart below).

Loading TradingView chart…
Market-cap-weighted baskets
PURR
BTC DATs
ETH DATs
SOL DATs
Performance Summary · 30-day trailing
AssetStart PriceCurrent PriceReturnMax DrawdownVolatility

Reference period: 30-day trailing window, ending today. Volatility is annualized from 30-day trailing daily returns. Each DAT basket is market-cap-weighted and rebased to 100 at the start of the window. BTC DATs: MSTR, MTPLF, XXI, CEPO, NAKA, ASST, ABTC.  ETH DATs: SBET, BMNR, BTBT, BTCS, FGNX.  SOL DATs: UPXI, DFDV, STSS, FWDI, HSDT.  Source: Yahoo Finance, Hyperliquid. Charts by TradingView.

Why Compare?
02 HYPE vs BTC / ETH / SOL

HYPE measured directly against Bitcoin, Ethereum and Solana — each rebased to 100 at the start of the window. Live daily closes from Hyperliquid (24/7 markets — its own time-frame below, independent of the equity chart above).

Loading HYPE vs BTC / ETH / SOL…
HYPE
BTC
ETH
SOL
Performance Summary · 30-day trailing
AssetStart PriceCurrent PriceReturnMax DrawdownVolatility

Reference period: 30-day trailing window. Volatility is annualized from 30-day trailing daily returns. Rebased to 100 at the start of the window. Daily closes from Hyperliquid perpetual markets (HYPE, BTC, ETH, SOL); updates live.

Past performance is not indicative of future results. Comparative return information is presented for illustrative purposes only, reflects price appreciation over the periods shown, does not reflect fees, expenses, or taxes, and does not represent the performance of any HSI security or any investor's actual experience. The value of HSI common stock and of HYPE can decrease as well as increase, and investors may lose all or a substantial portion of their investment.

Comparison assets and indices are shown for reference only and differ materially from PURR or HYPE in structure, risk profile, and liquidity.

PURR INTELLIGENCE · AI Analyst Terminal
LIVE
Welcome to the PURR Intelligence Terminal. I have real-time access to HYPE pricing, NAV calculations, SEC filings, peer comparisons, and HSI treasury data. Ask me anything.
AI Analyst Terminal · Live data from Hyperliquid + SEC EDGAR · Not financial advice

Home / Privacy Policy

Privacy Policy

Last updated: May 2026

1. Introduction

Hyperliquid Strategies Inc ("HSI," "we," "us," or "our") respects your privacy and is committed to protecting the personal information you share with us. This Privacy Policy describes how we collect, use, disclose, and safeguard your information when you visit our website hypestrat.xyz and any related services.

2. Information We Collect

We may collect personal information that you voluntarily provide, including your name, email address, phone number, and any other information you choose to submit through our contact forms or investor relations inquiries. When you visit our website, our hosting provider may automatically log standard technical information (such as IP address, browser type, operating system, and referring URLs) for security and operational purposes. We do not use this information to build advertising or behavioral profiles.

3. How We Use Your Information

We use the information we collect to respond to your inquiries and provide investor relations support, to improve and optimize our website and user experience, to comply with legal and regulatory obligations including SEC reporting requirements, and to send periodic communications related to company updates and press releases if you have opted in.

4. Disclosure of Information

We do not sell, trade, or rent your personal information to third parties. We may share information with service providers who assist in website operations and communications, legal and regulatory authorities when required by law, and professional advisors including auditors, lawyers, and accountants as necessary for our business operations.

5. Data Security

We implement commercially reasonable administrative, technical, and physical safeguards to protect your personal information. However, no electronic transmission or storage method is 100% secure, and we cannot guarantee absolute security.

6. Cookies & Similar Technologies

We do not use third-party advertising or behavioral-tracking cookies, and we do not deploy third-party analytics that profile visitors. We use only strictly-necessary, functional browser storage (for example, to remember your light/dark theme and motion-reduction preferences), which does not require consent under the ePrivacy Directive. Certain embedded third-party features — such as the TradingView price chart and YouTube earnings-call replays — may set their own cookies when you interact with them; those are governed by the respective providers' privacy policies. You can control or clear cookies and local storage at any time through your browser settings.

7. Your Privacy Rights (GDPR, UK GDPR & CCPA)

Data controller. Hyperliquid Strategies Inc, 477 Madison Avenue, 22nd Floor, New York, NY 10022, is the controller of personal data processed through this website. Privacy requests may be made via our Contact page.

Legal bases (EEA / UK residents). Where the EU General Data Protection Regulation (GDPR) or UK GDPR applies, we process personal data on these legal bases: (a) your consent — for example, when you opt in to investor email alerts; (b) our legitimate interests in operating and securing the website and responding to investor inquiries; and (c) compliance with legal and regulatory obligations, including securities-law reporting.

Your rights. Subject to applicable law, you have the right to access, rectify, erase, restrict, or object to processing of your personal data; the right to data portability; and the right to withdraw consent at any time without affecting prior processing. California residents (CCPA/CPRA) have the right to know, delete, correct, and opt out of the "sale" or "sharing" of personal information — note that we do not sell or share personal information.

How to exercise. Submit a request via our Contact page or to the address above. We will verify and respond within the period required by applicable law (generally within one month for GDPR requests). EEA residents may also lodge a complaint with their local data-protection supervisory authority; UK residents, with the Information Commissioner's Office (ICO).

International transfers. We are based in the United States and our service providers may process data in the U.S. Where personal data is transferred from the EEA or UK, we rely on appropriate safeguards such as the European Commission's Standard Contractual Clauses.

Retention. We retain personal data only as long as necessary for the purposes described in this policy or as required by law (for example, securities-law recordkeeping), after which it is deleted or anonymized.

8. Changes to This Policy

We may update this Privacy Policy from time to time. Changes will be posted on this page with an updated revision date. We encourage you to review this policy periodically.

9. Contact

For questions regarding this Privacy Policy, please reach out via our Contact page or write to: Hyperliquid Strategies Inc, 477 Madison Avenue, 22nd Floor, New York, NY 10022.

Home / Disclaimer

Legal Disclaimer

Forward-Looking Statements

This website contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results expressed or implied by the forward-looking statements. Forward-looking statements may include, but are not limited to, statements about our strategy, future operations, financial position, projected costs, prospects, plans, and objectives.

No Investment Advice

The information presented on this website is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any security, nor does it constitute investment, legal, tax, or accounting advice. You should consult your own financial, legal, and tax advisors before making any investment decisions. Past performance is not indicative of future results.

Digital Asset Risks

Digital assets, including HYPE tokens, are highly volatile and speculative. The value of our HYPE holdings can fluctuate significantly, and there is no guarantee of returns. Investing in companies that hold digital assets involves substantial risk, including the potential loss of your entire investment. The regulatory environment for digital assets is evolving and uncertain, which may adversely affect the value of our holdings and operations.

Relationship to Hyperliquid

HYPE is the native token of the Hyperliquid protocol. Hyperliquid Strategies Inc is an independent, publicly traded company and is not affiliated with Hyperliquid. References to Hyperliquid and HYPE on this website are for informational purposes only. HYPE price data is provided by third-party sources and is not verified by HSI.

Accuracy of Information

While we endeavor to ensure that the information on this website is accurate, complete, and current, we make no warranties or representations of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the information. Any reliance you place on such information is strictly at your own risk.

Third-Party Links

This website may contain links to third-party websites. These links are provided for convenience only and do not signify endorsement. HSI is not responsible for the content or privacy practices of linked websites.

Limitation of Liability

To the fullest extent permitted by law, Hyperliquid Strategies Inc shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising from your use of this website or reliance on any information provided herein.

Home / Admin

Dashboard Admin

Weekly data inputs for the NAV dashboard. Edits recompute the full model live in the preview; Save publishes to all visitors.

Home / Investors / Asset Security

Asset Security

How Hyperliquid Strategies safeguards its HYPE treasury.

Hyperliquid Strategies holds substantially all of its HYPE digital assets with Anchorage Digital, an institutional-grade qualified custodian. The treasury is protected by the same class of safeguards used by regulated financial institutions — purpose-built key-management hardware, an independent government-validated security standard, and approval controls that require more than one person to move anything.

Anchorage Digital
Qualified Custodian
Anchorage Digital

Substantially all treasury HYPE is held with Anchorage Digital as a qualified custodian — a regulated institution that safeguards client assets under strict legal, operational and audit standards. Custody through a qualified custodian, rather than on an exchange or in a self-managed wallet, keeps the treasury legally segregated and independently controlled.

Key Management
Hardware Security Modules

The private keys that control the assets are generated and stored inside dedicated hardware security modules (HSMs) — tamper-resistant devices purpose-built to protect cryptographic keys. The keys never leave the hardware in readable form, so they can't be copied, exported, or extracted — even by an insider.

FIPS 140-2
Certification
FIPS 140-2

The key-management hardware meets FIPS 140-2 — the U.S. government standard for cryptographic security, validated by NIST. It's an independent, government-recognized assurance that the hardware protecting the keys has been tested to a rigorous, defined security bar.

Authorization
Multi-Party Quorum

No single person can move the assets. Every transaction must be approved by a quorum of multiple independent authorized parties — so one compromised credential, device, or individual cannot transfer the treasury on its own.

Home / Sitemap

Site Map

Every page on hypestrat.xyz, grouped by section.

Home / Accessibility

Accessibility Statement

Our Commitment

Hyperliquid Strategies Inc is committed to ensuring that our website is accessible to all users, including those with disabilities. We strive to conform to the Web Content Accessibility Guidelines (WCAG) 2.2 Level AA standards and continuously work to improve the accessibility of our digital presence.

Accessibility Features

Our website includes the following accessibility features: semantic HTML structure for screen reader compatibility, keyboard navigation support for interactive elements, WCAG AA color contrast for body text, responsive design that adapts to various devices and screen sizes, alt text descriptions for meaningful images, and clear, consistent navigation throughout the site.

Ongoing Efforts

We are continuously reviewing and improving our website to ensure accessibility. Our development team regularly audits the site for accessibility issues and implements improvements as needed. We test with assistive technologies and welcome feedback from users about their experience.

Known Limitations

While we strive for full accessibility, some content may have limitations. Real-time financial data displays and interactive charts may not be fully accessible to all assistive technologies. We are actively working to address these limitations and provide alternative access to this information upon request.

Feedback & Contact

If you encounter any accessibility barriers or have suggestions for improvement, please contact us via our Contact page. We welcome your feedback and will make reasonable efforts to address any concerns. You can also reach us at: Hyperliquid Strategies Inc, 477 Madison Avenue, 22nd Floor, New York, NY 10022.

SEC FilingsForm 4Hyperliquid Strategies Inc
EDGAR ← BACK TO FILINGS

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Filing Details

CompanyHyperliquid Strategies Inc
TickerPURR (NASDAQ)
CIK0002078856
Form Type
Date Filed
Accession Number
Description
Press & Brand Kit
Brand standards and media assets for Hyperliquid Strategies Inc
NASDAQ: PURRBrand Standards · 2026
Home / Press & Brand Kit

Press & Brand Kit

Everything you need to represent Hyperliquid Strategies accurately. Logos, color, type, and company facts, taken straight from the live brand system.

↓ Download the brand guidelines (PDF)
01 Logo

The primary lockup pairs the wave mark with the Hyperliquid Strategies wordmark. Keep clear space around it equal to the height of the mark, and never reproduce the mark smaller than 20px tall.

Primary lockup
The mark
On dark
On light
Knockout
DOUse the mint mark on dark or light backgrounds, or the off-white knockout on the brand mint.
DON'TRecolor, stretch, rotate, add effects to, or box in the mark, or set it on a busy background.
02 Color

A deep evergreen canvas with a single high-energy mint accent. The heritage mint anchors the logo; the brighter signal mint drives interaction and live data. Tap any value to copy.

Brand
Signal Mint#00e5a0Primary accent, interaction, live data
Heritage Mint#51ad95Logomark, print, brand anchor
Aqua#97FCE4Secondary accent, highlights
Deep Mint#007850Accent on light backgrounds
Surfaces
Base#060a0ePage background
Surface#0a1018Cards, panels
Raised#0e1620Hover, nested surfaces
Overlay#101a24Menus, modals
Text & signal
Primary Text#e0f0ecHeadlines, body on dark
Muted Text#7a9e94Secondary, captions
Signal Red#ff4d6aNegative, loss
Signal Amber#ffc832Caution, pending
03 Typography

Three typefaces, each with a job: a geometric grotesk for display, a clean humanist sans for reading, and a monospace for every number on the platform.

Aa
Familjen Grotesk · Display
Hyperliquid Strategies
Headlines, page titles, the brand voice. Weights 400 to 700.
Aa
Instrument Sans · Body
The premier digital asset treasury platform.
Body copy, UI labels, long-form. Weights 400 to 700.
Aa
Space Mono · Data
$1,997.8 · 22.3M · +0.92%
Tickers, financial figures, data, code. Weights 400 and 700.
04 Elements

The visual system: bracketed corners, a faint terminal grid, monospaced data, and a restrained accent on interactive controls.

Corner brackets
1,234.5
Tabular data
Data treatment
Terminal grid
05 Company & Media
Boilerplate
Hyperliquid Strategies Inc (NASDAQ: PURR) is a digital asset treasury company focused on maximizing shareholder value through the accumulation of HYPE, the native token of Hyperliquid. HSI provides capital-efficient, institutional-grade access to HYPE for U.S. and global investors, generating compounding returns through staking, yield optimization, and active ecosystem engagement. It is the largest HYPE-focused digital asset treasury ever formed.
Key facts
Ticker
NASDAQ: PURR
Category
Digital Asset Treasury
Core asset
HYPE · Hyperliquid
Leadership
David Schamis, CEO · Bob Diamond, Chairman
Media contact

For press inquiries, interviews, or asset requests, reach the investor relations team through our contact page.