Hyperliquid Strategies seeks FCM registration, reports $620.6M Q3 profit

Hyperliquid Strategies Inc. (NASDAQ: PURR) has applied to establish a U.S.-regulated futures commission merchant business while reporting $620.6 million in net income for the quarter ended September 30, largely driven by gains in its HYPE token holdings. Hyperliquid Strategies reported $620.6 million in quarterly net income, largely driven by $803 million in unrealized HYPE gains. A subsidiary has applied for futures commission merchant registration to serve proposed U.S. perpetual futures markets. The company purchased 9.1 million HYPE tokens during the quarter, increasing its September 30 holdings to approximately 38.5 million. Hyperliquid Strategies raised $911 million in equity capital during the quarter and spent $17 million repurchasing shares. By October 28, its HYPE holdings had reached approximately 38.9 million tokens, while available cash stood at $245.3 million.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to crypto.news.