Hyperliquid Strategies Buys 600,000 HYPE Tokens Over Past Seven Days

Hyperliquid-focused digital asset treasury company Hyperliquid Strategies (PURR) bought a total of 600,000 HYPE tokens over the past seven days. According to Odaily, the purchases used $36 million from the company’s cash position, and it currently holds $149.4 million in cash reserves. Odaily reported that the company’s adjusted modified net asset value per share (mNAV) is close to, or below, 1, and it has therefore not issued new shares. The additional HYPE purchases were completed using the company’s own cash.