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Wu learned that, according to Hyperliquid News, the DAT project HypeStrat purchased 600k HYPE tokens over the past 7 days, worth approximately $40.6 million, while its cash position decreased by $36 million. Hyperliquid News stated that since HypeStrat’s current mNAV is close to or below 1, the project has not issued new shares recently. Data shows that HypeStrat currently holds approximately 29.3 million HYPE tokens and about $149.4 million in cash.