Data: Hyperliquid Strategies holds approximately 16% of the circulating supply of HYPE, increasing its holdings by 9.1 million coins in the third quarter

According to the 8-K filing submitted by the Nasdaq-listed HYPE Financial Company Hyperliquid Strategies (PURR), the company raised $911 million in the third quarter through a committed equity financing tool and purchased approximately 9.1 million HYPE for about $785 million. The HYPE holdings increased from 29.3 million shares on June 30 to 38.5 million shares on September 30; additionally, the company repurchased approximately 2.7 million shares of PURR stock for $17 million. Based on the approximately 238 million HYPE circulating supply disclosed by the company (as of October 29), its holdings account for about 16% of the HYPE circulating supply. As of the end of the quarter, the company held $254.6 million in cash and cash equivalents, with no debt.