The firm behind the Hyperliquid merger has filed to raise $1 billion via a stock sale, aiming to expand its crypto treasury and strengthen exposure to HYPE tokens.
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 adviser for the offering.
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