Key facts
- Hyperliquid Strategies increased its equity facility with Chardan Capital Markets to $2.5 billion.
- The facility allows Hyperliquid Strategies to sell shares to Chardan Capital Markets, which can then resell them.
- The company has previously raised $647 million through this facility.
- Hyperliquid Strategies holds approximately 29.3 million HYPE tokens in its treasury.
- The company states it is independent and not affiliated with the Hyperliquid protocol.
Hyperliquid Strategies has expanded its equity facility with Chardan Capital Markets, increasing its total capacity to $2.5 billion from $1 billion. This amendment to their October 2025 agreement allows the company to raise additional capital by periodically directing Chardan to purchase newly issued common shares, which Chardan can then resell on the public market.
The increased capacity provides Hyperliquid Strategies with greater potential funding for its HYPE-focused treasury strategy. However, utilizing the facility would result in the issuance of new shares, potentially diluting existing shareholders. The $2.5 billion represents the maximum potential funding, not funds already secured.
Previously, Hyperliquid Strategies reported raising $647 million via this facility and holding approximately 29.3 million HYPE tokens. This expansion follows a surge in market interest for HYPE, which saw a more than 20% increase in August after President Donald Trump commented on efforts to bring the decentralized trading platform into the U.S. legally. Hyperliquid Strategies' shares rose 30.4% following these remarks. The company maintains that it is independent and not affiliated with the Hyperliquid protocol, despite sharing its name and holding its native token.