New Nasdaq-Listed Company, Hyperliquid Strategies, to Hold $583M in HYPE Tokens
2025-07-14 17:03:41
Main Idea
Hyperliquid Strategies Inc. (HSI), a new Nasdaq-listed company formed from a merger, will hold $888 million in assets, including $583 million in HYPE tokens, becoming the largest U.S.-listed firm with direct HYPE exposure.
Key Points
1. Hyperliquid Strategies Inc. (HSI) will control $888 million in total assets, including $583 million in HYPE tokens and $305 million in cash.
2. The merger involves Nasdaq-listed Sonnet BioTherapeutics Holdings and Rorschach I LLC, with Sonnet becoming a wholly owned subsidiary of HSI.
3. HSI aims to provide equity investors with indirect exposure to the HYPE token through traditional financial markets.
4. The company is backed by major investment firms including Paradigm, Galaxy Digital, and Pantera Capital.
5. HSI will maintain its Nasdaq listing under a new ticker, though the specific ticker has not yet been announced.
Description
Hyperliquid Strategies to hold $888M in assets, including $583M in HYPE tokens. Merger makes HSI the largest U.S.-listed firm with direct HYPE exposure. Backed by Paradigm, Galaxy, and others to bridge crypto and equity markets. A new publicly traded company focused on crypto treasury management is set to emerge from a merger between the Nasdaq-listed Sonnet BioTherapeutics Holdings and Rorschach I LLC. The new, combined entity, named Hyperliquid Strategies Inc. (HSI), will control $888 million ...
Latest News
- Brazil Bank Hack: ZachXBT Helps Freeze $5M in Crypto, Says Circle Refused to Cooperate2025-07-14 18:13:47
- Before You Trade, See Which Altcoins Are In for a Massive Squeeze2025-07-14 18:13:01
- Peter Schiff Declares Bitcoin a “Ponzi Built on a Pyramid”2025-07-14 17:37:43
- Mercurity Fintech Allocates $500M to DeFi Basket with Focus on Solana2025-07-14 17:21:12
- New Nasdaq-Listed Company, Hyperliquid Strategies, to Hold $583M in HYPE Tokens2025-07-14 17:03:41