HYPE Treasury firm Hyperliquid Strategies has increased its financing limit to $2.5 billion, earmarking the funds for its reserve strategy.
1 hours ago
Nasdaq-listed Hyperliquid Strategies (HSI) has increased its committed equity financing facility with Chardan Capital Markets from $1 billion to $2.5 billion, a 150% rise. The financing mechanism allows the firm to raise capital via new share issuances for its HYPE reserve strategy. As of June 30, HSI held approximately 29.3 million HYPE tokens, with related assets totaling around $1.904 billion. The company had earlier raised $646.6 million through this financing arrangement and deployed $773.4 million to acquire an additional ~16.5 million HYPE tokens, at an average cost of $46.77 per token. The amendment also imposes stricter limits on low-price share issuances: after cumulative share sales of $1 billion under this facility, if the issuance price falls below $12.02, the actual number of shares issued shall not exceed 42.6418 million, equivalent to 19.99% of the pre-amendment outstanding shares, unless approved by shareholders or subject to other applicable exemptions.
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