# Hyperliquid Strategies’ HYPE Holdings Reach 16% of Circulating Supply

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/51385
Published: 2026-11-08T05:41:20.000Z
Updated: 2026-11-08T05:41:20.000Z
Section: Business

> The company bought about 9.1 million HYPE for $785 million in the third quarter and disclosed about 238 million tokens in circulation as of Oct. 29.

Hyperliquid Strategies spent about $785 million on HYPE in the third quarter, lifting its holdings to 38.5 million tokens, or roughly 16% of circulating supply based on its Oct. 29 estimate.

The Nasdaq-listed company acquired about 9.1 million HYPE during the three months ended Sept. 30. Its balance rose from 29.3 million tokens on June 30 to 38.5 million at quarter-end. The company’s disclosed circulating-supply figure was about 238 million tokens as of Oct. 29.

The HYPE balance and circulating-supply measure use different dates: Sept. 30 and Oct. 29, respectively. The circulation count came about a month after the purchase period ended.

Hyperliquid Strategies raised $911 million during the quarter through a committed equity financing facility. It also spent $17 million to repurchase about 2.7 million PURR shares.

At Sept. 30, the company held $254.6 million in cash and cash-like instruments and reported no debt. The buyback covered PURR shares, while the larger purchase was of HYPE tokens.