Hyperliquid Strategies Buys Additional $135 Million of HYPE in a Week
Summary
- A Nasdaq-listed U.S. company, Hyperliquid Strategies, bought an additional $135 million worth of HYPE over the past week.
- The purchase brought the company's HYPE holdings to 35.1 million tokens, with a current value of about $3.2 billion.
- According to on-chain data, the company's average purchase price is $46.7, with unrealized gains estimated at about $1.57 billion.
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Hyperliquid Strategies, a Nasdaq-listed U.S. company, bought an additional $135 million worth of Hyperliquid's HYPE token over the past week.
BlockBeats and other outlets reported on Sept. 24 that Hyperliquid Strategies purchased 1.444 million HYPE over the past week. The average purchase price was $93.7 per token, for a total outlay of about $135 million.
The purchase increased the company's total HYPE holdings to 35.1 million tokens. Those holdings are currently valued at about $3.2 billion.
Hyperliquid Strategies is a Hyperliquid-focused digital asset treasury, or DAT, company. Based on on-chain data, its average purchase price across total HYPE holdings is estimated at about $46.7.
The company's unrealized gain is estimated at about $1.57 billion.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul