A wallet associated with Hyperliquid Strategies recently acquired 494,200 HYPE tokens valued at $45.8 million. This purchase is part of a broader accumulation strategy, with the firm buying 5.51 million HYPE tokens worth $476 million over the past month. The daily average purchase volume reached 183,574 tokens, equivalent to $15.86 million.
The company currently holds 35.1 million HYPE tokens with a total value of approximately $3.2 billion. This figure represents an increase from the 29.3 million tokens held at the end of the fiscal year on June 30. For the fiscal year 2026, Hyperliquid Strategies reported a net income of $305.5 million, primarily driven by the appreciation of the HYPE token.
Unrealized gains on the firm's holdings reached $709.9 million, with total unrealized gains across its portfolio currently estimated at $2.7 billion. According to market data, HYPE has risen 280% in 2026, significantly outperforming Bitcoin, which dropped 5.42%, and Ethereum, which declined 10.98% during the same period.
Market analysis from DWF Ventures indicates that Hyperliquid Strategies is one of the top 20 treasury firms trading at a premium to its net asset value. The firm's market-value-to-net-asset-value ratio is 1.17x. While the company's stock has outperformed the HYPE token by 31% since July, the token remains a more favorable asset over periods exceeding three months.
