HYPERLIQUID STRATEGIES INC (PURR)
Health Care · Cryptocurrency investment and digital asset management · NASDAQ
Hyperliquid Strategies is a digital-asset-focused firm engaged in staking activities and strategic investments in blockchain-related technologies.
What HYPERLIQUID STRATEGIES INC does
Hyperliquid Strategies is a cryptocurrency and digital asset investment company that holds and manages HYPE digital tokens, generating revenue through staking activities. The company acquired Sonnet (a blockchain technology firm) and operates through strategic positions in digital assets and related technologies. It generates minimal revenue from staking but derives significant value from unrealized gains and losses on its HYPE token holdings, which constitute the majority of its asset base.
Themes: Cryptocurrency / digital assets, Blockchain infrastructure, Token staking and yield generation
Fundamentals
- Price$10.58 as of 2026-08-21 close
- Market cap$1.4B as of 2026-08-21
- P/En/a earnings data not available
- Debt / equity0.00 as of 2026-08-24
- Beta2.14 as of 2026-08-24
- Last reported earnings2026-05-07 SEC EDGAR Form 8-K (Item 2.02)
How HYPERLIQUID STRATEGIES INC looks technically
HYPERLIQUID STRATEGIES INC (PURR): a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 21 (a reading of 25+ marks a strong trend). Momentum is stretched — its 14-day RSI (a 0–100 momentum gauge) is 80, in overbought territory (above 70). It just made a new 20-day high, pushing above its recent trading range. Trading volume is running unusually high — about 3.3× its 30-day average, a sign of heightened interest.
Trend
7
| Distance from the 200-day | not enough price history yet — needs 200 trading sessions | n/a |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $7.64 | $7.64 |
| 200-day moving average | not enough price history yet — needs 200 trading sessions | n/a |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 16 calendar days ago — the swings before that are what the structure reading is measured on | 16 sessions |
| Since the 50/200 cross | not enough price history yet — needs 200 trading sessions | n/a |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 21 (a reading of 25+ marks a strong trend) | 21.3 |
Momentum
3
| 14-day RSI | momentum is stretched — its 14-day RSI (a 0–100 momentum gauge) is 80, in overbought territory (above 70) | 79.7 |
|---|---|---|
| Position in its 14-day range | it is trading near the top of its 14-day range ($6.45 to $11.27) — its "stochastic" reading is 86 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 85.7 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 14 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $11.27 | $11.27 |
|---|---|---|
| From the 52-week high | it is 9.0% below its 52-week high (its highest price of the past year) | -8.9% |
| Above the 52-week low | it is 251.5% above its 52-week low (its lowest price of the past year) | +251.5% |
| Below the 52-week high | it is 6.1% below its highest point of the past year | 6.1% |
| Since a 20-day breakout | it just made a new 20-day high, pushing above its recent trading range | 1 session |
| Since a 55-day breakout | it just made a new 55-day high, pushing above its recent trading range | 1 session |
| All-time high | its highest closing price on record is $11.62 | $11.62 |
| Given back of the 52-week move | not available for this company yet | n/a |
| From the all-time high | it is 9.0% below its all-time high | -8.9% |
| Nearest price level | not enough price history yet — needs 252 trading sessions | n/a |
| All-time low | its lowest closing price on record is $3.01 | $3.01 |
| Above the all-time low | it is 251.5% above its all-time low | +251.5% |
Volatility
4
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 99% of the past ~6 months) | 99th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.689 between its high and its low — about 6.5% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.689 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $4.59 and $9.65 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $4.59 – $7.12 – $9.65 |
| Typical daily range (% of price) | its price moves about 6.5% in a typical session — more volatile than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 6.5% |
Volume
1
| Volume vs its 30-day average | trading volume is running unusually high — about 3.3× its 30-day average, a sign of heightened interest | 3.29× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
1
| Since a doji | today it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | today |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 4.4% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | +4.4% |
|---|---|---|
| Open gap | it gapped 4.4% above the previous close today and has not traded back through the level it left behind at 10.08 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +4.4% |
| Gap filled | a 2.5% gap down opened on 2026-08-18 has been "filled" 3 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 3 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 5 sessions in a row, a +58.38% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 5 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 47.1 percentage points (the stock gained 49.4% while the market gained 2.3%) | +47.1% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 21.7 percentage points (the stock gained 24.8% while the market gained 3.1%) | +21.7% |
| vs market, 6 months | over the past 6 months this stock beat the market by 135.6 percentage points (the stock gained 146.6% while the market gained 11.1%) | +135.6% |
| vs market, 12 months | not available for this company yet | n/a |
Signal agreement
2
| Bullish technical signals | 4 of the 7 technical signals we can compute for it are currently in a bullish state: a fresh 20-day high, MACD momentum is positive, outperforming the market over 6 months, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 7 |
|---|---|---|
| Bearish technical signals | 2 of the 7 technical signals we can compute for it are currently in a bearish state: its RSI momentum gauge is overbought (a stretched reading), near the top of its 14-day range (overbought) — these describe past price behaviour, not a forecast | 2 of 7 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 27% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is thin, spanning 0.9% of the share price, which is taken to mean a barrier that gives way easily. | +26.6% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 46% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $7.24 — a volume-weighted average of daily closes over 150 sessions, not a true tick-by-tick VWAP. | +46.2% |
|---|---|---|
| Vs the average paid since it last reported | the price is 30% above the average price paid since it last reported on 2026-05-07 (its 8-K), so the typical buyer over that stretch is showing a gain. That average is $8.14 — a volume-weighted average of daily closes over 64 sessions, not a true tick-by-tick VWAP. | +29.9% |
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Overbought (14-day RSI above 70) · Unusually heavy trading volume · Broke out to a new 20-day high · Broke out to a new 20-day high on heavy volume · Printed a doji candle · On a winning streak (5+ higher closes in a row) | Learn: adx · rsi · breakout · volume and relative volume
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$13.05 range $9.75 – $18.40; median $11.00
Analyst estimates, as of 2026-08-23. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for PURR
- Consensus EPS estimate$0.7767 next reporting period, as of 2026-08-23
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Extreme volatility in HYPE token valuation, with unrealized gains of $198.4M in Q1 2026 offset by prior period losses of $93.2M, creating significant earnings and balance sheet swings","Minimal revenue generation ($3.1M staking revenue over nine months) relative to operating expenses and reliance on digital asset appreciation for profitability","Regulatory risk to cryptocurrency holdings and staking activities, and uncertainty around the viability of acquired technology assets (Sonnet IPR&D write-off of $35.6M)"]
What changed in the latest 10-Q
AI-assisted comparison of PURR's 10-Q filed 2026-05-08 against the prior one filed 2026-02-11.
Management's Discussion & Analysis (MD&A)
- Reworded:
- Item 2 page number changed from 17 to 20
- Item 3 page number changed from 24 to 28
- Item 4 page number changed from 24 to 28
- Part II. Other Information page number changed from 25 to 29
- Item 1. Legal Proceedings page number changed from 25 to 29
- Notes:
- Changes reflect only page numbering shifts in table of contents; no substantive content changes are evident from the provided text excerpts
Risk Factors
- Added:
- Balance sheet line item 'Equity method investment' ($3,036 thousand) added as of March 31, 2026 (newer filing)
- Statement of Operations line item 'Other income' ($323 thousand) added for three months and nine months ended March 31, 2026 (newer filing)
- Statement of Changes in Stockholders' Equity shows activity through March 31, 2026 including acquisition of treasury stock, stock-based compensation, and issuance of shares under Equity Facility (newer filing)
- Cash Flow Statement includes 'Purchases of USDC' ($3,873 thousand) and 'Sales of USDC' ($3,373 thousand) in investing activities (newer filing)
- Cash Flow Statement supplemental disclosure includes 'Deferred purchase price for equity method investment included in other current liabilities' ($1,000 thousand) and 'Transfer of assets in exchange for equity method investment' ($711 thousand) (newer filing)
- Cash Flow Statement includes 'Stock-based compensation' ($186 thousand) in operating activities adjustments (newer filing)
- Removed:
- Balance sheet 'Receivable from related party' not present in older filing; appears only in newer filing with $779 thousand balance
- Statement of Operations line item 'Unrealized loss on HYPE digital assets' (older filing showed $93,200 thousand loss) replaced with 'Unrealized gain on HYPE digital assets' ($198,435 thousand gain for three months; $105,235 thousand gain for nine months in newer filing)
- Cash Flow Statement line 'Purchases of HYPE digital tokens' ($9,000 thousand in older six-month period) replaced with detailed 'Purchases of HYPE digital assets' ($169,373 thousand in newer nine-month period)
- Cash Flow Statement supplemental disclosure 'Repurchases of common stock included in other current liabilities' ($709 thousand in older filing) not present in newer filing
- Reworded:
- Company description changed from 'cryptocurrency treasury company' (older filing) to 'digital asset treasury company' (newer filing) in Note 1
- Cash Flow Statement line item changed from 'Purchases of HYPE digital tokens' to 'Purchases of HYPE digital assets' (newer filing)
- Statement of Operations line item changed from 'Unrealized loss on HYPE digital assets' to 'Unrealized gain on HYPE digital assets' reflecting reversal of valuation movement (newer filing)
- Notes:
- Newer filing covers nine-month period ended March 31, 2026; older filing covers six-month period ended December 31, 2025, making period-to-period comparisons directly limited
- Balance sheet dates differ: March 31, 2026 (newer) versus December 31, 2025 (older), resulting in different balance line items and account balances
- Statement of Operations structure comparable for three-month periods (Q3 2025 in older filing versus Q3 2026 in newer filing) but nine-month periods cover different fiscal quarters
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for PURR — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
3 institutional 13F filers reported holding PURR as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 3
- Reported shares held 6,406,741
- Reported value $32,610,312
reported quarterly holdings change (2025-12-31 → 2026-03-31): 1 new, 2 increased, 0 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
PURR had 24,749,736 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
PURR had 18.4% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.84 days to cover at the same settlement.
- Reported short interest (shares) 24,749,736
- Short interest (% of shares outstanding) 18.4%
- Prior settlement (shares) 22,364,102
- Reported change 10.67%
- Days to cover (reported) 2.84
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Grayscale Bitcoin Mini Trust
- ProShares Bitcoin Strategy ETF
- Coinbase (COIN)
- Kraken (private)
- Genesis Global Capital (private)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare PURR vs…
Frequently asked questions
What does HYPERLIQUID STRATEGIES INC (PURR) do?
Hyperliquid Strategies is a cryptocurrency and digital asset investment company that holds and manages HYPE digital tokens, generating revenue through staking activities. The company acquired Sonnet (a blockchain technology firm) and operates through strategic positions in digital assets and related technologies. It generates minimal revenue from staking but derives significant value from unrealized gains and losses on its HYPE token holdings, which constitute the majority of its asset base.
What sector is HYPERLIQUID STRATEGIES INC (PURR) in?
HYPERLIQUID STRATEGIES INC (PURR) is classified in the Health Care sector. Its industry is Cryptocurrency investment and digital asset management. It trades on NASDAQ.
Who are HYPERLIQUID STRATEGIES INC's (PURR) competitors?
Notable peers of HYPERLIQUID STRATEGIES INC (PURR) include Grayscale Bitcoin Mini Trust, ProShares Bitcoin Strategy ETF, Coinbase, Kraken (private) and Genesis Global Capital (private). This peer set is informational only — not financial advice.
Is HYPERLIQUID STRATEGIES INC (PURR) overbought or oversold right now?
HYPERLIQUID STRATEGIES INC (PURR) is currently in overbought territory (its 14-day RSI is 80, above 70) (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on PURR come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.