Data: PURR's HYPE Holdings Represent ~16% of Circulating Supply, Adding 9.1 Million Coins in Q3

PANews, November 6 - According to an 8-K filing by Nasdaq-listed HYPE treasury company Hyperliquid Strategies (PURR), the company raised $911 million in Q3 through committed equity financing facilities and purchased approximately 9.1 million HYPE for about $785 million, increasing its HYPE holdings from 29.3 million on June 30 to 38.5 million on September 30. Additionally, the company repurchased approximately 2.7 million PURR shares for $17 million. Based on the company's disclosed circulating supply of approximately 238 million HYPE (as of October 29), its holdings represent about 16% of HYPE's circulating supply. As of quarter-end, the company held $254.6 million in cash and cash equivalents, with no debt.