🚀 Hyperliquid Strategies Eyes $1B Raise

[cryptoenthusiast]

Hyperliquid Strategies filed an S-1 with the SEC to raise up to $1B, aiming to expand its HYPE token treasury amid growing institutional demand.

The move comes as public companies increasingly prioritize crypto assets and protocol participation in their strategies. The merger with Sonnet BioTherapeutics SPAC is pending, with plans to list on Nasdaq under PURR.

[EmTeam]

Hyperliquid’s $1B raise signals major institutional interest in decentralized liquidity models.

[jacson4]

If successful, this could set a benchmark for how deep DeFi liquidity scales in 2025.