Hyperliquid Strategies bought 29.3 million HYPE
Hyperliquid Strategies is a DAT company that buys $HYPE by raising funds through selling shares of $PURR. The scheme is identical to the one used by Seilor. They sell their shares, and with the proceeds they buy HYPE.
Recently, an earnings report was published. For the second quarter, according to the documents, the company earned 471 million, and since December it has acquired 16.5 million tokens at an average price of $46.77, for a total of 29.3 million HYPE.
However, if you look into it, the company operates at a loss, since they earn from staking and validator fees, and here their income is 12 million, while they spend 14 million on operating expenses. In fact, all the profit is unrealized gains from holding HYPE.
That said, it is one of the main players that scoops up $HYPE and helps support the price, thereby increasing the value of our tokens, even though it doesn’t burn them.
Everyone wants to get this token, so it needed to be bought only on the open market, without off-exchange deals and anything else.
Hyperliquid Strategies is a DAT company that buys $HYPE by raising funds through selling shares of $PURR. The scheme is identical to the one used by Seilor. They sell their shares, and with the proceeds they buy HYPE.
Recently, an earnings report was published. For the second quarter, according to the documents, the company earned 471 million, and since December it has acquired 16.5 million tokens at an average price of $46.77, for a total of 29.3 million HYPE.
However, if you look into it, the company operates at a loss, since they earn from staking and validator fees, and here their income is 12 million, while they spend 14 million on operating expenses. In fact, all the profit is unrealized gains from holding HYPE.
That said, it is one of the main players that scoops up $HYPE and helps support the price, thereby increasing the value of our tokens, even though it doesn’t burn them.
Everyone wants to get this token, so it needed to be bought only on the open market, without off-exchange deals and anything else.
