Hyperliquid Strategies plans $30m buyback to boost HYPE-linked stock
Nasdaq-listed Hyperliquid Strategies approves a $30m stock buyback over 12 months to tighten its share price link to HYPE as it scales a treasury of staked tokens.
- Hyperliquid Strategies authorized a $30m repurchase over 12 months to support the share price and increase per-share exposure to its HYPE token treasury.
- The vehicle emerged from a merger between Sonnet BioTherapeutics and a Paradigm-backed SPAC and now holds a large HYPE allocation for staking and DeFi.
- Backers include D1, Galaxy Digital, Pantera, Republic Digital and 683 Capital, while Hyperliquid’s perp DEX has become a top on-chain futures venue.
Hyperliquid Strategies has authorized a stock repurchase program of up to $30 million over the next 12 months, the company announced Monday.
The buyback plan follows the digital asset treasury company’s launch on Nasdaq earlier this month . According to the company’s statement, the program aims to support the stock price and increase per-share exposure to the HYPE ( HYPE ) token.
Hyperliquid initiates token buyback
Hyperliquid Strategies was formed through a merger between Sonnet BioTherapeutics and Rorschach, a special purpose acquisition company affiliated with crypto venture fund Paradigm. The merger, initially delayed in November, closed on Dec. 2, with shares beginning trading in early December.
The company holds a significant allocation of HYPE tokens. In October, Hyperliquid Strategies filed an S-1 registration statement seeking to raise up to $1 billion for treasury operations, according to regulatory filings. The company’s plans include staking the majority of its holdings or deploying capital in decentralized finance sectors.
Investors in the company include D1 Capital, Galaxy Digital, Pantera Capital, Republic Digital and 683 Capital. Bob Diamond, former chief executive of Barclays, serves as chairman.
The HYPE token launched in late 2023 with an airdrop distribution to early platform users. One-third of the total token supply was allocated to users, with additional tokens distributed to founders and the Hyper Foundation, according to the protocol’s documentation . Hyperliquid has emerged as one of the largest decentralized perpetual futures exchanges by trading volume.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZK Technology Experiences Rapid Growth in 2025: The Role of Institutional Involvement in Driving the Latest Crypto Bull Market
- Zero-knowledge (ZK) proofs drive 2025's crypto inflection point, enabling scalable, private blockchain solutions adopted by institutions like Goldman Sachs and Sony . - ZK rollups achieve 43,000 TPS, slashing costs and enabling compliance with GDPR/BSA, while Polygon's $1B investment accelerates gaming/NFT infrastructure. - Regulatory clarity via U.S. GENIUS Act and EU MiCA, plus ZK's privacy-preserving capabilities, reduce institutional risks and fuel $28B+ TVL in ZK-based protocols. - ZK token prices s
Vitalik Buterin's Latest ZK-Focused Statement and What It Means for Layer 2 Scaling
- Vitalik Buterin's ZKsync endorsement triggered a 143% $ZK token surge, redefining Ethereum's Layer 2 scalability with ZK technologies as the cornerstone. - ZKsync's Atlas upgrade achieved 43,000 TPS with sub-second finality, while Kohaku/Lighter frameworks reduced proof costs by 50x, accelerating industry-wide ZK adoption. - Institutional adoption (Deutsche Bank, Sony) and $28B+ TVL growth highlight ZK's market potential, with ZKP market projected to reach $7.59B by 2033 at 22.1% CAGR. - Zcash (ZEC) and
The Influence of ZKsync’s Vitalik-Endorsed Scaling Technology on Ethereum’s Prospective Supremacy
- Vitalik Buterin's 2025 endorsement of ZKsync positions zero-knowledge proofs as Ethereum's scalability solution, enhancing transaction throughput to 15,000 TPS with near-zero fees. - Institutional partnerships, including Deutsche Bank's DAMA 2 and Sony's supply chain solutions, demonstrate ZKsync's enterprise-grade scalability and RWA integration. - ZKsync's 43,000 TPS (post-Atlas) and $15B institutional capital outpace Arbitrum's 45% TVL, signaling a shift toward privacy-centric, enterprise-focused bloc
The Influence of Institutional Strategists on the Evolution of Long-Term Investment Patterns
- Thomas Sowell's analysis of market signals and decentralized systems shapes institutional investors' strategies to avoid policy-distorted markets. - His critiques of rent control and centralized interventions inform avoidance of regulated real estate and subsidy-dependent sectors like renewables. - The Hoover Institution amplifies Sowellian principles through data-driven policy advocacy, aligning with conservative investment frameworks prioritizing market-tested solutions. - While direct case studies are
Trending news
MoreCrypto prices
More
