Hyperliquid Strategies files with CFTC to become an FCM for US client accounts on HIP-3 markets

Hyperliquid Strategies (NASDAQ: PURR) reported Q3 2026 results, deploying $802 million in the quarter — $785 million to buy 9.1 million HYPE tokens, growing its treasury from 29.3 million to 38.5 million tokens, plus $17 million to repurchase 2.7 million PURR shares. It raised $911 million in equity during the quarter. Net income reached $620.6 million, driven by $803 million in unrealized HYPE gains. Total assets stood at $3.76 billion with no debt. A subsidiary filed to become an FCM that would carry US client accounts for permissioned HIP-3 markets, subject to regulatory approval.

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