Hyperliquid Strategies adds 5M HYPE for $129.5M as H2 2025 loss hits $317.9M

Hyperliquid Strategies said its digital asset treasury bought 5 million HYPE for $129.5 million at an average of about $25.9, lifting holdings to roughly 17.6 million and leaving about $125 million in deployable capital. The firm also reported a $317.9 million net loss for H2 2025, led by $262.4 million in unrealized losses on HYPE.