HYPE Treasury Company Hyperliquid Strategies releases financial report: net loss of $165 million for the nine months ending March 31

BlockBeats News, May 8 — HYPE Treasury Company Hyperliquid Strategies disclosed its third fiscal quarter report on Thursday, currently holding about 20 million tokens. Since its establishment in December 2025, the company has invested $216 million to acquire approximately 7.3 million HYPE tokens. Hyperliquid Strategies went public last year through a merger with Sonnet BioTherapeutics, focusing on accumulating HYPE tokens through staking, yield optimization, and ecosystem participation to maximize shareholder value.

In addition to buying HYPE, the company also deployed $10.5 million to repurchase about 3 million PURR shares at an average price of $3.42 per share. The company maintains a cash position of $103 million for future treasury deployment, buybacks, and other corporate expenses.

As of March 31, the past nine months recorded a net loss of $165.4 million. The announcement stated that the loss was “mainly attributable to” an unrealized net loss of $64 million on HYPE tokens, a one-time write-down of $35.6 million related to the acquired Sonnet business, and an increase of $60.5 million in deferred income tax expenses. During the three-month period ending March 31, staking income reached $2.6 million, interest income increased by another $1 million, and operating expenses were $7.2 million.