Corporate treasuries currently hold 31 million HYPE tokens, the native cryptocurrency of the Hyperliquid Layer-1 blockchain, representing 13.3% of the circulating supply. Hyperliquid Strategies Inc., a company listed on NASDAQ under the ticker PURR, dominates this accumulation with 29.3 million tokens valued at over $1.6 billion, acquired through an investment of more than $216 million. This concentration far exceeds that observed for Bitcoin (4.9%) or Solana (2.8%). The company reported a net loss of $165.4 million over the nine months ended March 31, 2026, partly due to unrealized losses on its treasury holdings, while continuing aggressive accumulation with nearly 10 million tokens added recently.
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