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.
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.
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.
Disciplined execution of our treasury strategy, maximizing per-share exposure for shareholders.
Staking, yield optimization, and active ecosystem engagement that individual holders cannot replicate.
Disciplined, systematic acquisition to maximize per-share exposure.
Ongoing PURR share sales and repurchases to optimize capital structure.
Emerging staking yield generation creating compounding returns.
Active yield optimization across Hyperliquid's DeFi landscape.
Our scale gives us an important voice in governance.
Aligned with Hyperliquid's deflationary mechanics for long-term value.
Our shares trade on NASDAQ under the ticker PURR. Backed by a highly experienced leadership team and distinguished board of directors.
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 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 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.
Live NAV calculations powered by real-time HYPE token pricing.
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.
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.
The following items presented in this section are based on Company estimates and are expected to be updated on a weekly basis:
The following items presented in this section are sourced from external sources and are expected to be updated continuously (subject to relevant trading hours):
The following items presented in this section are based on the Company's latest public filing:
The following items presented in this section are calculated based on the following formulas:
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.
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.
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.
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.
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.
Transparent, capital-efficient access to HYPE for our shareholders.
Press releases, webcasts, and announcements.
Corporate profile and key facts.
Quarterly and annual reports.
PURR quotes and analyst coverage.
10-K, 10-Q, 8-K, S-1 filings.
Documents, charters, and policies.
Email: [email protected]
| Date | Title | Source |
|---|---|---|
| Feb 11, 2026 | HSI Reports Financial Results for the Quarter Ended December 31, 2025 | PRNewswire |
| Feb 5, 2026 | HSI Announces Webcast to Discuss Results for Q2 FY2026 | PRNewswire |
| Dec 8, 2025 | HSI Announces $30 Million Stock Repurchase Program | GlobeNewswire |
| Dec 2, 2025 | HSI and Sonnet BioTherapeutics Announce Closing of Business Combination | GlobeNewswire |
| Dec 2, 2025 | Sonnet Stockholders Approve Proposed Business Combination | GlobeNewswire |
Questions? Submit to [email protected]
Hyperliquid Strategies Inc
NASDAQ Capital Market: PURR
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Auto-populated from the SEC EDGAR database — CIK 0002078856.
| Date Filed | Form | Description | Document |
|---|---|---|---|
| Loading filings from SEC EDGAR... | |||
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.
The following governance documents and committee charters are available through our SEC filings. Copies may also be obtained by contacting [email protected].
| Document | Access |
|---|---|
| Audit and Risk Committee Charter | SEC Filing → |
| Compensation Committee Charter | SEC Filing → |
| Nominating and Corporate Governance Committee Charter | SEC Filing → |
| Document | Access |
|---|---|
| Certificate of Incorporation | SEC Filing → |
| Bylaws | SEC Filing → |
| Code of Business Conduct and Ethics | SEC Filing → |
| Corporate Governance Guidelines | Proxy Statement → |
| Document | Access |
|---|---|
| 2025 Equity Incentive Plan | SEC Filing → |
| Proxy Statement (DEF 14A) | SEC Filing → |
The Company is led by an experienced management team with deep expertise in financial services, digital assets, and capital markets.
For investor inquiries, earnings information, or questions about Hyperliquid Strategies Inc.
How PURR stacks up against other digital asset treasury companies.
| Company | Ticker | Price | Market Cap | Token | Holdings | Holdings Value | mNAV | Premium |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid Strategies | PURR | — | — | HYPE | 17.9M | — | — | — |
| Strategy (fka MicroStrategy) | MSTR | — | — | BTC | ~717,131 | — | — | — |
| Marathon Digital | MARA | — | — | BTC | ~47,531 | — | — | — |
| Riot Platforms | RIOT | — | — | BTC | ~18,692 | — | — | — |
The mNAV (Market Cap ÷ Net Asset Value) ratio is the key metric for digital asset treasury companies. An mNAV above 1.0 means the market values the company above its underlying holdings — reflecting confidence in management, growth potential, or scarcity premium. PURR's relatively early stage means its mNAV can move significantly with institutional adoption.
Holdings data from most recent public filings. Prices update every 30 seconds. mNAV calculations are estimates based on publicly available data and may not reflect exact net asset values.
Live on-chain verification of HSI's HYPE token holdings via Hyperliquid L1.
| Date | Type | Amount | USD Value | Details |
|---|---|---|---|---|
| Loading transactions... | ||||
All treasury data is pulled directly from the Hyperliquid L1 blockchain via their public API. This provides cryptographic proof of holdings that supplements traditional SEC filings. Unlike quarterly reports that show a snapshot in time, on-chain data provides continuous, real-time verification of the company's digital asset treasury.
Explore how HYPE price changes and dilution affect NAV/Share, mNAV, and premium/discount.
NAV sets the floor — but markets price in growth, scarcity, and sentiment. Here's what PURR could trade at various mNAV multiples at this HYPE price.
This modeler uses the same Adjusted NAV formula as our dashboard: (HYPE Price × Tokens Held) + Cash − Deferred Tax Liability. DTL adjusts dynamically based on unrealized gains above the reporting-date cost basis. The share slider lets you model dilution scenarios. mNAV uses current PURR market price — "Implied PURR Price" shows what PURR would trade at if mNAV were exactly 1.0x. The Market Premium Scenarios show what PURR could trade at if the market prices in growth, scarcity, or sentiment premiums — as peers like MSTR have historically traded at 2-3x+ mNAV during bull markets.
PURR stock performance vs HYPE token, Bitcoin, and S&P 500 since listing.
| Asset | Start Price | Current Price | Return | Max Drawdown | Volatility |
|---|
Investors often ask: "Why buy PURR instead of HYPE directly?" This chart answers that by showing risk-adjusted returns across asset classes. PURR provides regulated, tax-efficient exposure to HYPE through a NASDAQ-listed vehicle — with potential NAV premium upside that pure token ownership doesn't offer. The comparison to BTC and S&P 500 provides broader market context.
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.
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. We also automatically collect certain technical information when you visit our website, including IP address, browser type, operating system, referring URLs, and browsing behavior through cookies and similar technologies.
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.
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.
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.
Our website may use cookies and similar tracking technologies to enhance your browsing experience. You can control cookie preferences through your browser settings. We use analytics tools to understand website traffic patterns and improve our services.
Depending on your jurisdiction, you may have rights to access, correct, delete, or port your personal data. To exercise these rights, please contact us at the information provided on our Contact page. We will respond to valid requests within the timeframes required by applicable law.
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.
For questions regarding this Privacy Policy, please reach out via our Contact page or write to: Hyperliquid Strategies Inc, 1345 Avenue of the Americas, Suite 3300, New York, NY 10105.
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.
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 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.
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.
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.
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.
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) 2.1 Level AA standards and continuously work to improve the accessibility of our digital presence.
Our website includes the following accessibility features: semantic HTML structure for screen reader compatibility, keyboard navigation support for all interactive elements, sufficient color contrast ratios for text and UI elements, responsive design that adapts to various devices and screen sizes, alt text descriptions for meaningful images, and clear, consistent navigation throughout the site.
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.
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.
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, 1345 Avenue of the Americas, Suite 3300, New York, NY 10105.