PANews reported on May 8th that, according to The Block, Nasdaq-listed HYPE treasury company Hyperliquid Strategies reported a net loss of $165.4 million in the nine months ending March 31st, primarily due to a $64 million unrealized net loss from treasury holdings and related purchase costs. Since its inception in December 2025, the company has invested $216 million to purchase approximately 7.3 million HYPE tokens, and currently holds approximately 20 million HYPE tokens.

The company's CEO stated that substantial progress was made this quarter in building exposure to HYPE, while also announcing a validator partnership with Unit and completing the disposal of most of its legacy biotechnology business. In addition, the company invested $10.5 million to repurchase approximately 3 million shares of PURR at an average price of $3.42 per share and holds $103 million in cash for future deployments. In the three months ending March 31, HYPE saw $2.6 million in pledged income, $1 million in interest income, and $7.2 million in operating expenses.