HYPERLIQUID STRATEGIES INC (PURR)
Health Care · Cryptocurrency investment and digital asset management · NASDAQ
A digital asset investment firm holding and staking HYPE tokens while building a portfolio of cryptocurrency-related technology assets.
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$7.56 as of 2026-07-09 close
- Market cap$1.5B as of 2026-07-10
- 1-year return+112.4% as of 2026-07-09 close
- Debt / equity0.00 as of 2026-07-10
- Beta1.98 as of 2026-07-10
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)"]
Competitors & peers
- Grayscale Bitcoin Mini Trust
- ProShares Bitcoin Strategy ETF
- Coinbase (COIN)
- Kraken (private)
- Genesis Global Capital (private)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.