Hyperliquid Strategies Files for US FCM Registration as Quarterly Net Income Hits $620.6M

TLDR: Hyperliquid Strategies filed to register a subsidiary as a US futures commission merchant (FCM).  Net income reached $620.6M for the quarter, driven mainly by $803.0M in unrealized HYPE gains.  The firm raised $911M in equity and spent $785M to buy about 9.1 million HYPE tokens in the quarter. Total HYPE holdings reached about 38.9 [...]

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