Hyperliquid Strategies Launches $30M Buyback Amid HYPE Token Focus
Hyperliquid Strategies Inc. (PURR) unveiled a $30 million stock repurchase program, signaling confidence in its HYPE token exposure strategy. The 12-month plan allows open-market or private transactions, with flexibility to adjust based on market conditions. Shares initially volatile settled near $3.67, reflecting muted investor reaction.
The move mirrors digital asset treasuries increasingly deploying buybacks as capital management tools. Post-merger, PURR positions itself as a dedicated HYPE vehicle—a bet on institutional crypto adoption trends. 'This isn’t just about supporting the stock price,' said one trader familiar with the matter. 'It’s about aligning treasury strategy with protocol growth.'