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PURR's move this time is even more aggressive than Saylor's, turning 220 million into 1 billion, taking HYPE's beta to the extreme.
Author: Deep Tide TechFlow
On May 24th, a tweet about Hyperliquid Strategies (NASDAQ: PURR) sparked quite a discussion on English crypto Twitter:
This company bought HYPE for about $220 million, with unrealized gains now approaching $1 billion, even surpassing Michael Saylor's Strategy (formerly MicroStrategy) in Bitcoin profit efficiency.
Currently, this topic is gradually spreading to the Chinese community. HYPE recently hit a new all-time high above $62, with a year-to-date increase of over 150%, making it one of the best-performing mainstream crypto assets this year.
As the only listed company proxy for HYPE, PURR has also gained over since the beginning of the year.