Hyperliquid Strategies bought 600,000 HYPE worth $40.6 million in 7 days.

Hyperliquid Strategies has accumulated purchases of 600,000 HYPE tokens over the past 7 days, with a total value of approximately $40.6 million. Hyperliquid Strategies used $36 million in cash positions for this increased holding and currently holds $149.4 million in cash reserves. Hyperliquid Strategies’ current adjusted per-share net asset value (mNAV) is close to or below 1. No new shares have been issued, and this increase in holdings was completed using its own cash.