Hyperliquid Strategies wants $1B to buy further into the HYPE

Hyperliquid Strategies is looking to raise up to $1 billion by raising shares of common stock to fund additional HYPE purchases.

Hyperliquid Strategies is doubling down on its Hyperliquid treasury plan, filing papers to raise up to $1 billion to purchase more tokens powering the world’s largest decentralized derivatives platform.

According to its S-1 registration statement with the US Securities and Exchange Commission on Wednesday, Hyperliquid Strategies unveiled its plan to offer up to 160 million shares of common stock to fund additional Hyperliquid (HYPE) purchases as well as other corporate expenses.

Chardan Capital Markets is serving as its financial advisor for the offering.

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