Hyperliquid Strategies' first treasury update comes in almost exactly as predicted
- $130M spent on HYPE (vs $137M prediction) - Avg price of $25.94 (vs $26 prediction) - $124M in cash remaining to deploy (vs $168M prediction, but I included cash reserved for operations) Notable that they also spent $10M on share buybacks & as of Feb 3rd had not yet tapped the ATM David (@dschamis) also outlined an explicit framework for their treasury strategy & said HYPE trades significantly below similar TradFi & crypto valuations $PURR is up ~1.5% in premarket & trading at an estimated 1.07 mNAV
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Hyperliquid Strategies' first treasury update comes in almost exactly as predicted
- $130M spent on HYPE (vs $137M prediction)
- Avg price of $25.94 (vs $26 prediction)
- $124M in cash remaining to deploy (vs $168M prediction, but I included cash reserved for operations)
Notable that they also spent $10M on share buybacks & as of Feb 3rd had not yet tapped the ATM
David (@dschamis) also outlined an explicit framework for their treasury strategy & said HYPE trades significantly below similar TradFi & crypto valuations
$PURR is up ~1.5% in premarket & trading at an estimated 1.07 mNAV