PURR Stock Jumps 11% After Hyperliquid Treasury Firm Reports Annual Results
Hyperliquid Strategies' stock climbed 10.99% to $12.83 on Thursday after the treasury company reported $305.5 million in net income for the fiscal year ended June 30. PURR added another 3.43% to $13.27 in after-hours trading.
The Nasdaq-listed firm finished the period with 29.3 million HYPE tokens and $149.9 million in cash. It carries no debt.
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HYPE Rally Drives the Profit
Most of the earnings came from token price movement. Unrealized gains on the HYPE token reached $709.9 million, according to the company's results.
A one-time loss of $169.2 million on tokens contributed at the business combination offset part of that figure. Deferred tax expense absorbed another $183.5 million.
Operating income stayed small by comparison. Staking revenue and validator commissions totaled $9.5 million, while interest income added $2.7 million.
Total assets reached $2.06 billion, including $1.9 billion in HYPE valued at $65.04 per token. CEO David Schamis framed the year as a build phase.
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