Hyperliquid Strategies expands stock buyback program to $100M as PURR shares fall over 30%

The HYPE treasury company increased its share repurchase authorization as its stock and Hyperliquid's native token underperformed Bitcoin in October. Hyperliquid Strategies Inc. (NASDAQ: PURR) has increased its stock repurchase program from $30 million to $100 million, expanding its authorization as shares of the HYPE treasury company have declined more than 30% from their October high. The company said Friday that approximately $72 million remains available under the expanded program, while its board extended the authorization’s expiration date from December 5, 2026, to October 31, 2027. Hyperliquid Strategies said the increase reflects its board’s confidence in the company’s long term capital strategy and provides additional flexibility to repurchase shares as part of its treasury management operations.

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