Hyperliquid’s HYPE has risen by 5.09% over the past 24 hours to trade at $85.33 as of press time. The move came as Hyperliquid Strategies reported a larger HYPE treasury after an aggressive capital-raising program during fiscal 2026.
After the announcement, Hyperliquid Strategies (PURR) shares jumped to $13.83, up 19.64% as investors assessed the company’s fiscal-year results.
Hyperliquid Strategies Expands HYPE Treasury
Hyperliquid Strategies raised about $646.6 million through a committed equity facility during the fiscal year ended June 30. The Nasdaq-listed company issued PURR shares at an average price of $8.70 and deployed the proceeds across treasury purchases.
By August 19, the company had deployed roughly $773.4 million to acquire HYPE tokens and repurchase its own shares. Per the report, Hyperliquid Strategies added about 16.5 million HYPE at an average purchase price of $46.77 per token.
Source: X
Those purchases increased the treasury from 12.5 million HYPE after the merger to about 29.3 million tokens. The company also spent $27.8 million repurchasing about 5.8 million PURR shares at an average price of $4.80.
FY26 Earnings Lean Heavily on HYPE Gains
Hyperliquid Strategies reported fiscal-year net income of $305.5 million, while unrealized HYPE gains reached about $709.9 million. The mark-to-market gains formed the largest part of reported earnings because operating revenue remained below corporate expenses.
Staking revenue reached about $9.5 million, while interest income added another $2.7 million during fiscal 2026. Combined revenue from those sources totaled $12.2 million, compared with $14 million in SG&A and research expenses.
The balance sheet also remained concentrated in HYPE, with about $1.9 billion tied to the token. Total assets stood at $2.06 billion, while cash and equivalents reached $149.9 million and debt remained at zero.
Hyperliquid Network Activity Supports HYPE Demand
Hyperliquid has also expanded trading activity across decentralized perpetual markets and newer real-world asset products. The protocol reportedly controls about 63% of decentralized perpetuals open interest and 9.4% of global derivatives activity.
Source: X
According to the report, the HIP-3 open interest crossed $4 billion in August, while RWA markets exceeded half of weekly volume during July. Hyperliquid perpetual volume reached $19.4 billion on August 21, according to Santiment data.
Spot volume reached about $462 million that day, while both figures remained below larger trading spikes recorded earlier.
HYPE Price Nears $89 Resistance
HYPE price remains in a short-term daily uptrend, with price recently trading near $84.88. The latest candle opened at $82.28 and reached $85.57. The token trades well above the 20-day Bollinger Band midpoint and is now approaching the upper Bollinger Band at $89.23.
That level represents the nearest technical resistance after HYPE rallied from around $60. A daily close above $89.23 could shift attention toward the $90 to $95 area.
HYPE/USD 1-day price chart (Source: TradingView)
A broader breakout could later bring the $100 psychological level into view. Moreover, HYPE has maintained higher highs and higher lows while holding above $80.
Concurrently, the Money Flow Index stands at 91.42, above the overbought level of 80. This reading shows that buying pressure has been very strong during the latest rally. However, being overbought is a predecessor of a short-term consolidation or profit-taking.
For more on Hyperliquid, check our Best Crypto Derivative Futures Trading Platforms for July 2026
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