Hyperliquid Strategies Repurchased 2.7 Million PURR Shares in Q3

Hyperliquid Strategies repurchased about 2.7 million PURR shares for $17 million in the third quarter, adding a separate corporate transaction to a period when the Nasdaq-listed firm also expanded its Hyperliquid (HYPE) holdings.

The company disclosed the repurchase in a Form 8-K. It also raised $911 million through a committed equity financing facility and acquired about 9.1 million HYPE for roughly $785 million during the quarter.

Its holdings totaled 38.5 million HYPE on Sept. 30, up from 29.3 million on June 30. TokenPost previously covered the company's HYPE purchase and holdings.

Hyperliquid Strategies ended the quarter with $254.6 million in cash and cash-like instruments and no debt. Using the company's estimate of 238 million HYPE in circulation on Oct. 29, its Sept. 30 holdings represented about 16% of supply.