Cointime

Cointime

Download App
iOS & Android

Hyperliquid Strategies Looks to Raise $1B to Fund HYPE Treasury Purchases

What to know:

  • Hyperliquid Strategies has filed an S-1 registration with the SEC to raise $1 billion, including for acquiring HYPE.
  • The company plans to issue up to 160 million shares, with Chardan Capital Markets as the financial advisor.
  • Hyperliquid Strategy involves a merger with Sonnet BioTherapeutics and Rorschach I LLC, focusing on the Hyperliquid ecosystem.

Hyperliquid Strategies, a new digital asset treasury company, has officially filed an S-1 registration statement with the U.S. Securities and Exchange Commission, signaling its intent to raise $1 billion for general purposes, including the accumulation of Hyperliquid's native token HYPE.

Hyperliquid Strategy is a merger-in-progress involving Nasdaq-listed biotech firm Sonnet BioTherapeutics and a special purpose acquisition firm, Rorschach I LLC. The impending crypto treasury company will focus on the Hyperliquid ecosystem.

The company plans to issue up to 160 million shares of common stock, with Chardan Capital Markets acting as the financial advisor for this fundraising effort, according to a Wednesday filing.

"In addition to its HYPE token accumulation strategy, to further enhance Pubco’s ability to generate income and seek to create value for Pubco’s shareholders, it aims to deploy its HYPE token holdings selectively, primarily through staking substantially all of its HYPE holdings, which Pubco expects will generate ongoing staking rewards," the company said in its filing.

The proceeds of the fundraise will be used to bolster the treasury holdings of Hyperliquid's HYPE token.

Currently, the treasury holds 12.6 million HYPE tokens and $305 million in cash, with plans to build on this foundation as the company scales its operations in the growing decentralized finance landscape.

Comments

All Comments

Recommended for you

  • ETH breaks through $3100

    the market shows ETH breaking through $3100, currently at $3100.29, with a 24-hour increase of 1.74%. The market is highly volatile, please manage your risks accordingly.

  • BTC breaks through $91,000

     the market shows BTC breaking through $91,000, currently at $91,011.99, with a 24-hour increase of 1.78%. The market is highly volatile, please manage your risk accordingly.

  • BTC breaks $90,000

    market shows BTC breaking through $90,000, currently at $90,009.99, the 24-hour decline narrowed to 0.57%, market volatility is high, please manage your risk properly.

  • The US spot Bitcoin ETF saw a net inflow of $54.8 million yesterday.

    according to data monitored by Farside Investors, the US spot Bitcoin ETF had a net inflow of 54.8 million USD yesterday.

  • The US spot Ethereum ETF saw a net outflow of $75.2 million yesterday.

     according to data monitored by Farside Investors, the US spot Ethereum ETF had a net outflow of 75.2 million USD yesterday.

  • Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

    according to economists surveyed, Federal Reserve officials are expected to vote next week to cut interest rates again to guard against the rising risk of a sharp deterioration in the labor market. The median of respondents shows that the Fed is expected to implement two more 25 basis point rate cuts within the year starting from March 2026. Next week's rate cut will continue the momentum of rate cuts from the policy meetings in September and October. A considerable majority also expect Fed officials to once again reiterate the statement that "the downside risks to employment have increased in recent months," as they did in October. The Federal Reserve will announce its decision at 2 PM Washington time on December 10, followed by a press conference held by Chairman Jerome Powell.

  • Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

    Bank of America stated the market may soon price in the Federal Reserve's rate cut expectation in January. (Jin10)

  • He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

    He Lifeng, China's lead for China-US economic and trade relations and Vice Premier of the State Council, held a video call with the US leads, Treasury Secretary Janet Yellen and Trade Representative Katherine Tai. The two sides had in-depth and constructive exchanges on implementing the important consensus reached by the Chinese and US heads of state at the Busan meeting and the November 24 call, focusing on carrying out pragmatic cooperation and properly addressing mutual concerns in the economic and trade field. Both sides positively evaluated the implementation of the outcomes of the China-US economic and trade consultations in Kuala Lumpur, stating that under the strategic guidance of the two heads of state, they will continue to make good use of the China-US economic and trade consultation mechanism, continuously extend the cooperation list, reduce the list of issues, and promote the sustained, stable, and positive development of China-US economic and trade relations. 

  • Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

    Director of the White House National Economic Council, Hassett, stated: He has not discussed the Federal Reserve Chair (candidate) issue with U.S. President Trump and supports Bassett's views on the Federal Reserve Chair. 

  • White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates

    White House National Economic Council Director Hassett stated: It is time for the Federal Reserve to cautiously cut interest rates.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company