Hyperliquid Strategies said its HYPE treasury reached 38.5 million tokens at the end of the quarter on September 30, 2026, after it deployed $802 million. It reported the figures on November 5. The tokens are holdings, not cash revenue or quarterly profit, and their value can change with HYPE’s price.
The company said it used $785 million to buy 9.1 million HYPE and $17 million to repurchase 2.7 million of its shares. It also said it had applied to become a futures commission merchant. The application is not an approval; any services it could offer would depend on authorization and applicable rules.
