HYPE Rises 8% as Hyperliquid Strategies Seeks $1 Billion to Grow Token Treasury

Hyperliquid Strategies has filed a Form S-1 registration statement with the US Securities and Exchange Commission (SEC) seeking to raise up to $1 billion. The firm is looking to expand its Hyperliquid (HYPE) token treasury amid growing institutional demand. The move highlights a shift among public companies, which now increasingly prioritize crypto treasury assets and protocol participation in their strategies. Public Companies and the HYPE Treasury Play For context, Hyperliquid Strategies was established as part of a proposed merger between Nasdaq-listed Sonnet BioTherapeutics Holdings Inc source: https://beincrypto.com/hyperliquid-strategies-hype-treasury/