Nasdaq-listed Hyperliquid Strategy stakes its entire $420M HYPE holdings

According to on-chain analyst MLM, Hyperliquid Strategy (Nasdaq: PURR), a publicly traded company that strategically holds Hyperliquid (HYPE) tokens, staked its entire holdings today. The stake amounts to 12 million HYPE, valued at approximately $420 million. This represents 1.2% of HYPE's total supply and 3.54% of its circulating supply. The company staked all its HYPE tokens through Anchorage's nodes and projects it will generate an average of $9.9 million in annual interest income.