Hyperliquid Strategies Inc (PURR)

Hyperliquid Strategies Inc is a Nasdaq-listed company organized around a digital asset treasury strategy centered on HYPE, the native token of the Hyperliquid blockchain and its decentralized derivatives exchange. The company was formed through a business combination involving Sonnet BioTherapeutics and a special purpose acquisition company, with its shares trading under the ticker PURR.

Its core activity is acquiring and holding HYPE tokens on its balance sheet, giving public market investors indirect exposure to the Hyperliquid ecosystem through a listed equity. The company may also stake its token holdings and pursue other strategies intended to grow its holdings of the asset over time.