Nasdaq-listed Hyperliquid Strategies approves a $30m stock buyback over 12 months to tighten its share price link to HYPE as it scales a treasury of staked tokensNasdaq-listed Hyperliquid Strategies approves a $30m stock buyback over 12 months to tighten its share price link to HYPE as it scales a treasury of staked tokens

Hyperliquid Strategies plans $30m buyback to boost HYPE-linked stock

2025/12/12 16:38
2 min read

Nasdaq-listed Hyperliquid Strategies approves a $30m stock buyback over 12 months to tighten its share price link to HYPE as it scales a treasury of staked tokens.

Summary
  • Hyperliquid Strategies authorized a $30m repurchase over 12 months to support the share price and increase per-share exposure to its HYPE token treasury.​
  • The vehicle emerged from a merger between Sonnet BioTherapeutics and a Paradigm-backed SPAC and now holds a large HYPE allocation for staking and DeFi.​
  • Backers include D1, Galaxy Digital, Pantera, Republic Digital and 683 Capital, while Hyperliquid’s perp DEX has become a top on-chain futures venue.

Hyperliquid Strategies has authorized a stock repurchase program of up to $30 million over the next 12 months, the company announced Monday.

The buyback plan follows the digital asset treasury company’s launch on Nasdaq earlier this month. According to the company’s statement, the program aims to support the stock price and increase per-share exposure to the HYPE (HYPE) token.

Hyperliquid initiates token buyback

Hyperliquid Strategies was formed through a merger between Sonnet BioTherapeutics and Rorschach, a special purpose acquisition company affiliated with crypto venture fund Paradigm. The merger, initially delayed in November, closed on Dec. 2, with shares beginning trading in early December.

The company holds a significant allocation of HYPE tokens. In October, Hyperliquid Strategies filed an S-1 registration statement seeking to raise up to $1 billion for treasury operations, according to regulatory filings. The company’s plans include staking the majority of its holdings or deploying capital in decentralized finance sectors.

Investors in the company include D1 Capital, Galaxy Digital, Pantera Capital, Republic Digital and 683 Capital. Bob Diamond, former chief executive of Barclays, serves as chairman.

The HYPE token launched in late 2023 with an airdrop distribution to early platform users. One-third of the total token supply was allocated to users, with additional tokens distributed to founders and the Hyper Foundation, according to the protocol’s documentation. Hyperliquid has emerged as one of the largest decentralized perpetual futures exchanges by trading volume.

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