# Hyperliquid Strategies Shares Rise More Than 17% as mNAV Tops 1 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/43646 Published: 2026-10-29T15:41:47.000Z Updated: 2026-10-29T15:41:47.000Z Section: Investing > PURR traded at about $11.66 against net asset value of $10.81 per share. HYPE was $93.42 at 11:37 a.m. ET (15:37 UTC). Hyperliquid Strategies (PURR), a HYPE treasury company, saw its shares rise more than 17% intraday Thursday as its market value moved 7.8% above net asset value. PURR traded at about $11.66 per share Thursday, compared with net asset value of about $10.81. The mNAV reading reached about 1.078, up from an [earlier same-day mNAV reading]() of 1.011, which put shares about 1.1% above net asset value. An mNAV compares a company’s market value with its net asset value. A reading above 1 means market value exceeds net asset value; at 1.078, PURR’s market value was about 1.078 times its net asset value. The net asset value per PURR share corresponded to a HYPE price of about $85.96. HYPE traded above $94 during Thursday’s session and was $93.42 as of 11:37 a.m. ET (15:37 UTC). ## Links in this article - [earlier same-day mNAV reading](https://www.tokenpost.com/news/investing/43536)