SEC · The Block
Hyperliquid Strategies broadens equity facility to $2.5 billion from $1 billion
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
✓ KHAO Verified
Hyperliquid Strategies (PURR) increased the size of its committed equity facility with Chardan Capital Markets to $2.5 billion from $1 billion, according to its latest SEC filing.
Key facts
- Hyperliquid Strategies (PURR) increased the size of its committed equity facility with Chardan Capital Markets to $2.5 billion from $1 billion, according to its latest SEC filing
- According to the company's latest 10-K statement, Hyperliquid Strategies held approximately 29.4 million HYPE tokens as of Aug. 23
- The digital asset treasury firm, focused on Hyperliquid's HYPE (HYPE) token, revealed in its 8-K statement that it has amended the ChEF Purchase Agreement first signed on Oct. 22, 2025
- From that point, sales priced below $12.02 per share cannot exceed 42,641,847 shares, or 19.99% of the shares outstanding immediately before the amendment, unless shareholders approve them
Summary
The digital asset treasury firm, focused on Hyperliquid's HYPE (HYPE) token, revealed in its 8-K statement that it has amended the ChEF Purchase Agreement first signed on Oct. 22, 2025. Under the expanded facility, Hyperliquid Strategies can sell newly issued common stock to Chardan. From that point, sales priced below $12.02 per share cannot exceed 42,641,847 shares, or 19.99% of the shares outstanding immediately before the amendment, unless shareholders approve them. While the HYPE treasury firm did not provide a reason behind the expansion of the facility, recent filings show that the company has sold around $647 million worth of shares by June 30.