Hyperliquid Strategies Raises $911 Million in Q3 and Repurchases Approximately 2.7 Million PURR Shares

Odaily reported that the 8-K filing submitted by Nasdaq-listed company Hyperliquid Strategies (PURR) shows that in the third quarter, the company raised $911 million through a committed equity financing facility and used approximately $785 million to purchase about 9.1 million HYPE, increasing its holdings from 29.3 million as of June 30 to 38.5 million as of September 30. The company also repurchased approximately 2.7 million PURR shares for $17 million. Based on the company's disclosed circulating supply of approximately 238 million HYPE as of October 29, its holdings account for about 16% of the circulating supply. As of the end of the quarter, the company held $254.6 million in cash and cash-equivalent instruments, with no liabilities.