Hyperliquid Strategies Inc. expanded its committed equity purchase facility with Chardan Capital Markets LLC from $1 billion to $2.5 billion on September 1, 2026. The amendment allows the Nasdaq-listed HYPE treasury firm to raise capital by selling newly issued common stock, though subsequent sales below $12.02 per share are capped after the first $1 billion is sold. The expansion follows a prior raise of $647 million used to build a treasury of over 29 million HYPE tokens.
Equity facility expansion to $2.5B
- ▪The $2.5 billion represents the maximum capacity of the equity facility rather than funds already raised, and Hyperliquid Strategies Inc. is not obligated to issue a fixed amount of stock.
- ▪Under the amended agreement, Hyperliquid Strategies Inc. can periodically sell newly issued common stock to Chardan Capital Markets LLC, which can subsequently resell the shares in the public market.
- ▪Hyperliquid Strategies Inc. amended its ChEF Purchase Agreement with Chardan Capital Markets LLC on September 1, 2026, to expand its committed equity facility from $1 billion to $2.5 billion.
Share issuance caps below $12.02
- ▪The 42,641,847 share limit represents 19.99% of Hyperliquid Strategies Inc.'s outstanding common shares immediately prior to the September 1, 2026 amendment.
- ▪After selling $1 billion worth of stock under the facility, further sales by Hyperliquid Strategies Inc. priced below $12.02 per share cannot exceed 42,641,847 shares unless approved by shareholders.
HYPE token treasury holdings
- ▪Hyperliquid Strategies Inc. deployed $773.4 million to accumulate approximately 16.5 million HYPE tokens at an average cost of $46.77 per token.
- ▪By late August 2026, Hyperliquid Strategies Inc.'s treasury holdings of HYPE tokens stood at approximately 29.3 million to 29.4 million tokens.
- ▪As of June 30, 2026, Hyperliquid Strategies Inc. held approximately 29.28 million HYPE tokens, valued at $1.9 billion based on a valuation of $65.04 per token.
Stock performance in September 2026
- ▪Hyperliquid Strategies Inc. shares rose 30.4% in August 2026 following comments by U.S. President Donald Trump regarding bringing the Hyperliquid platform into the U.S. in a compliant manner.
- ▪Hyperliquid Strategies Inc.'s Nasdaq-listed shares (ticker PURR) closed down 7.31% at $11.36 on September 1, 2026, falling below the $12.02 threshold.
Prior capital raises through facility
- ▪During the fiscal year ended June 30, 2026, Hyperliquid Strategies Inc. raised $647 million through the issuance of 76.1 million PURR shares at an average net issue price of $8.50.
- ▪Hyperliquid Strategies Inc. deployed approximately $28 million of a board-authorized $30 million stock repurchase program to buy back its own common stock by mid-August 2026.
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