Hyperliquid Strategies Inc Common Stock (PURR) Stock

Hyperliquid Strategies Inc Common Stock (PURR) is a Financials stock trading at $6.19 (as of 2026-07-24), with a market capitalization of $833.31M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Hyperliquid Strategies, Inc. is a holding and operating company, which engages in the business of crypto asset management. The firm operates as a digital asset treasury company which focuses on the Hyperliquid ecosystem. The company was founded on July 2, 2025 and is headquartered in New York, NY.

Understand Hyperliquid Strategies Inc Common Stock: how it makes money

Hyperliquid Strategies is a holding and operating company for crypto asset management, focused on the Hyperliquid ecosystem, with revenue that appears tied to staking revenue from its Hype Holdings.

The profit engine is staking-based, so results depend on how much of its Hype token holdings are staked and the staking revenue generated from Hype Holdings.

Revenue by segment (latest quarter)
Hype Staking$0.0B

Business quality (Mixed): Clear operating KPIs exist for staking and ecosystem activity, but the latest reported quarter shows zero revenue, and the company is very new, so the business model is not yet evidenced by positive disclosed results.

Bull case

  • Full stake posture: The company reports 100% of Hype Token Holdings Staked, which aligns the treasury setup with a staking-driven model.
  • Large token base: It reports Hype Tokens Held of 18,800,000, which would be the input to future staking revenue if staking economics generate payouts.
  • Ecosystem activity indicator: It reports Active Weekly Addresses of 150,000, which can be a useful gauge of engagement in the Hyperliquid ecosystem.

Bear case

  • Zero disclosed revenue: For 2026-03-31, reported revenue_b is 0.0 and Staking Revenue from Hype Holdings is 0.0, indicating no disclosed monetization in the latest quarter.
  • Staking revenue may not materialize as expected: Even with 100% of holdings staked, the latest Staking Revenue from Hype Holdings is 0.0, suggesting staking economics or payout flows are not producing revenue.
  • Limited reporting history: The company was founded on July 2, 2025, so investors have less historical data to assess how consistently the profit engine converts assets and activity into revenue.
Valuation — source: SEC EDGAR (first-party)
Price$6.19
Market Cap$833.31M
Price / Book1.12
Valuation vs Sector & Industry
Sector P/E (Financials)15.4
Industry P/E (Banking)13.4
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderD1 Capital Partners L.P. ($40.72M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEODavid Ira Schamis
CountryUS
IPO Date2025-12-02

Related Companies (Business model: Crypto Exchange / Custody / Staking; 8 closest by market cap; US-domiciled)

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PURR earnings history · PURR institutional & insider holders · PURR KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.