Hyperliquid Strategies Inc. has filed for a $1 billion U.S. IPO to acquire and stake more HYPE tokens.
Summary
- The firm plans to issue up to 160 million shares, with Chardan Capital Markets advising the offering.
- Proceeds will fund additional HYPE token accumulation and staking for long-term rewards.
- HYPE price jumped 10% to $38 amid optimism over institutional backing and ecosystem growth.
Hyperliquid Strategies Inc. has filed an S-1 registration statement with the U.S. Securities and Exchange Commission to raise up to $1 billion. The company plans to issue up to 160 million shares of common stock, with Chardan Capital Markets serving as financial advisor for the offering.
According to the filing, proceeds will be used to accumulate additional HYPE tokens and stake a substantial portion of the holdings to generate ongoing rewards. Hyperliquid Strategies currently manages 12.6 million HYPE tokens and $305 million in cash.
The capital raise filing follows an $888 million reverse merger agreement between Nasdaq-listed Sonnet BioTherapeutics and private entity Rorschach I LLC, which will form Hyperliquid Strategies Inc. (HSI) once completed.
The filing noted potential risks, including enhanced regulatory scrutiny and shareholder dilution, as Sonnet investors will retain only 1.2% of the new entity.
“HSI’s move sends a strong bullish signal for HYPE,” Shivam Thakral, CEO of BuyUCoin, told Decrypt, adding that institutional accumulation through the new digital asset treasury could bolster demand, scarcity, and long-term confidence in the Hyperliquid ecosystem.
Hyperliquid price technical analysis
HYPE price is up 10% in the past 24 hours in response to the announcement, trading near $38 as investors react to the news. However, the token remains below the 0.618 Fib ($44-$45), where it traded prior to the October 10 market-wide sell-off triggered by escalating trade tensions.
The downtrend appears to be losing momentum, as buyers defend the 0.382 Fib level ($36.5) and HYPE price starts to compress beneath the descending trendline. A breakout above the $40–$41 region, which coincides with the 20-day SMA and trendline resistance, could signal an early shift in trend structure and open the door for a retest of the $44–$45 zone.
