Hyperliquid Strategy buys 5M HYPE for $129.5M

Nasdaq-listed Hyperliquid Strategy (PURR), a company that strategically accumulates Hyperliquid (HYPE), announced it has purchased five million HYPE tokens for $129.5 million at an average price of $25.9 per token. The move is seen as an effort to strengthen the company's influence within the ecosystem and diversify its financial structure. Following the purchase, PURR still holds $125 million in cash reserves.