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Hyperliquid Strategies Inc

corporate_fare Company Profile

Hyperliquid Strategies Inc

PURR·NASDAQ·Crypto Assets·CIK 0002078856

Hyperliquid Strategies Inc is a Delaware corporation and U.S. publicly listed digital asset treasury company. Its primary business involves accumulating HYPE, the native token of the Hyperliquid Layer 1 blockchain ecosystem, for its stockholders. The company's main strategic objective is to benefit from the growth of the Hyperliquid ecosystem. This is achieved directly through its ownership of HYPE tokens, by engaging in income-earning activities related to the Hyperliquid ecosystem, or by otherwise promoting the ecosystem's growth. Hyperliquid Strategies Inc was formed on July 2, 2025, as a holding and operating company. Its wholly owned subsidiary, Rorschach I LLC, a Delaware limited liability company, was formed on June 13, 2025. Rorschach I LLC served as the vehicle through which founding investors contributed HYPE tokens and cash to establish the company's initial treasury. On July 11, 2025, Hyperliquid Strategies Inc, along with its subsidiaries Rorschach Merger Sub, LLC and Sonnet Merger Sub Inc., entered into a Business Combination Agreement with Sonnet BioTherapeutics Holdings, Inc. and Rorschach I LLC. This agreement outlined a series of mergers, including Rorschach Merger Sub merging into Rorschach I LLC, with Rorschach I LLC surviving as a direct wholly owned subsidiary of Hyperliquid Strategies Inc. Immediately following this, Sonnet Merger Sub merged into Sonnet BioTherapeutics Holdings, Inc., with Sonnet BioTherapeutics Holdings, Inc. surviving as a direct wholly owned subsidiary of Hyperliquid Strategies Inc.

Hyperliquid Strategies Inc (NASDAQ:PURR) is a publicly traded company in the Crypto Assets sector. Wiseek has independently scored 25 items for PURR at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-10-26, rated 7/10. Across its 20 most recent items scored 7 or higher, the top rating is 9/10, with 14 rated 8 or above. Recent SEC coverage for PURR spans 8-K, DEF 14A, 424B3, PRE 14A.

Recent high-impact activity:

  • Hyperliquid Strategies Expands Buyback to $100M, Extends Program to October 2027
  • Hyperliquid Sets Nov 4 Vote on $2.5B Chardan Facility Expansion Beyond 19.99% Cap
  • Hyperliquid Strategies' 160M-Share Chardan Resale Goes Effective — $1.4B Remaining on $2.5B Facility
  • SEC Greenlights Tokenized Stock Trading, PURR Jumps 8%
  • Hyperliquid Seeks Shareholder Approval to Unlock $2.5B Chardan Equity Facility Beyond 19.99% Cap

Financial Snapshot

Fiscal year ended June 30, 2026
Revenue
$9.46M
Net Income
$305.54M
Diluted EPS
$3.21
Op. Cash Flow
-$19.15M
Operating Income
$500.62M
Cash & Equivalents
$137.92M
Debt / Equity
0.00×
Net Margin
32.30×
Shares Outstanding
200.55M sh
Source: 10-K · filed 2026-08-27 · accession 0001193125-26-370281

Short Interest & Short Volume

1.86 days to cover

FINRA reported short interest of 23,056,306 shares in PURR as of the October 15, 2026 settlement, a 4.5% decrease from the prior period — about 1.9 days to cover at its recent average daily volume. On October 30, 2026, 34.9% of PURR volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)23,056,306 shares as of October 15, 2026
Change vs prior period▼ 4.5%
Days to cover1.86 at avg daily volume of 12,418,698
Daily short volume (FINRA facilities)34.9% of 12,216,209 shares on October 30, 2026
5-day average short volume36.2%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

High risk

Filing-implied dilution signals for PURR, detected from its recent SEC filings · based on capital-structure filings through 2026-09-15.

1 recent capital raise2 shelf registrations

Equity Offering Finalized · Significant Dilution

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$11.07 +0.54% today
52-week range · as of 2026-10-26 $3.01 – $14.76
Market cap
$3.06B
Volume
30.8M (1.8× avg)
3-mo avg 16.9M
Live data · 2026-10-31 13:43 UTC · Market closed

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feed PURR - Latest Insights

PURR
Oct 26, 2026, 9:13 AM EDT
Filing Type: 8-K
Importance Score:
7
Updated Oct 26, 5:44 PM ET — Hyperliquid Strategies' stock PURR traded near $8.80, about 33% below its Oct. 5 high of $13.05, after the buyback expansion.
Price at Filing: $8.71
Real-time Price: $11.07 info
Change: +$2.36 (+27%) info
Market Cap: $3.064B info
PURR
Oct 02, 2026, 5:02 PM EDT
Filing Type: DEF 14A
Importance Score:
7
Price at Filing: $11.96
Real-time Price: $11.07 info
Change: -$0.890 (-7%) info
Market Cap: $3.064B info
PURR
Sep 23, 2026, 4:35 PM EDT
Filing Type: 424B3
Importance Score:
7
Price at Filing: $13.87
Real-time Price: $11.07 info
Change: -$2.80 (-20%) info
Market Cap: $3.064B info
PURR
Sep 17, 2026, 10:55 AM EDT
Source: Benzinga
Importance Score:
8
Price at Filing: $12.68
Real-time Price: $11.07 info
Change: -$1.61 (-13%) info
Market Cap: $3.064B info
PURR
Sep 15, 2026, 5:20 PM EDT
Filing Type: PRE 14A
Importance Score:
8
Price at Filing: $11.11
Real-time Price: $11.07 info
Change: -$0.040 (-0.36%) info
Market Cap: $3.064B info
PURR
Sep 14, 2026, 9:54 PM EDT
Filing Type: S-1
Importance Score:
8
Price at Filing: $11.64
Real-time Price: $11.07 info
Change: -$0.570 (-5%) info
Market Cap: $3.064B info
PURR
Sep 01, 2026, 11:35 PM EDT
Source: The Block
Importance Score:
8
Price at Filing: $11.29
Real-time Price: $11.07 info
Change: -$0.220 (-2%) info
Market Cap: $3.064B info
PURR
Sep 01, 2026, 5:00 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $11.36
Real-time Price: $11.07 info
Change: -$0.2939 (-3%) info
Market Cap: $3.064B info
PURR
Aug 27, 2026, 1:12 PM EDT
Filing Type: 424B3
Importance Score:
7
Price at Filing: $13.95
Real-time Price: $11.07 info
Change: -$2.88 (-21%) info
Market Cap: $3.064B info
PURR
Aug 27, 2026, 11:45 AM EDT
Filing Type: 10-K
Importance Score:
8
Price at Filing: $13.88
Real-time Price: $11.07 info
Change: -$2.81 (-20%) info
Market Cap: $3.064B info
PURR
Aug 27, 2026, 10:52 AM EDT
Source: The Block
Importance Score:
8
Price at Filing: $13.48
Real-time Price: $11.07 info
Change: -$2.41 (-18%) info
Market Cap: $3.064B info
PURR
Aug 27, 2026, 8:32 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $12.20
Real-time Price: $11.07 info
Change: -$1.13 (-9%) info
Market Cap: $3.064B info
PURR
Aug 20, 2026, 1:52 AM EDT
Source: Cointelegraph
Importance Score:
8
Price at Filing: $9.85
Real-time Price: $11.07 info
Change: +$1.22 (+12%) info
Market Cap: $3.064B info
PURR
Jun 26, 2026, 5:03 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $8.65
Real-time Price: $11.07 info
Change: +$2.42 (+28%) info
Market Cap: $3.064B info
PURR
Jun 25, 2026, 5:22 PM EDT
Filing Type: S-1/A
Importance Score:
8
Price at Filing: $8.00
Real-time Price: $11.07 info
Change: +$3.07 (+38%) info
Market Cap: $3.064B info
PURR
Jun 05, 2026, 4:24 PM EDT
Source: The Block
Importance Score:
9
Price at Filing: $8.61
Real-time Price: $11.07 info
Change: +$2.46 (+29%) info
Market Cap: $3.064B info
PURR
May 21, 2026, 6:04 PM EDT
Filing Type: S-1
Importance Score:
9
Price at Filing: $8.30
Real-time Price: $11.07 info
Change: +$2.77 (+33%) info
Market Cap: $3.064B info
PURR
May 08, 2026, 10:05 AM EDT
Filing Type: 424B3
Importance Score:
7
Price at Filing: $6.79
Real-time Price: $11.07 info
Change: +$4.29 (+63%) info
Market Cap: $3.064B info
PURR
May 07, 2026, 8:19 PM EDT
Source: The Block
Importance Score:
9
Price at Filing: $6.57
Real-time Price: $11.07 info
Change: +$4.50 (+68%) info
Market Cap: $3.064B info
PURR
May 07, 2026, 5:45 PM EDT
Filing Type: 10-Q
Importance Score:
9
Price at Filing: $6.85
Real-time Price: $11.07 info
Change: +$4.22 (+62%) info
Market Cap: $3.064B info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets