Nasdaq Giant’s $130M Crypto Bet: What Went WRONG? Staggering $317M Loss NOW!
Did you know a Nasdaq-listed company just bought $129.5 million worth of crypto tokens, yet still recorded a staggering $317.9 million net loss? Hyperliquid Strategies Inc. aggressively expanded its HYPE token treasury, acquiring 5 million more tokens for nearly $130 million, increasing its total holdings to 17.6 million. However, this bold move came amid significant crypto market volatility, leading to a massive net loss, primarily driven by over $260 million in unrealized paper losses on their existing HYPE token investments. Despite these dramatic short-term results, CEO David Schamis remains confident, highlighting the company's strong balance sheet, substantial deployable capital, and the Hyperliquid ecosystem's impressive growth in on-chain finance. They aim to be the premier public gateway for HYPE exposure, so subscribe to our channel for more surprising insights into the crypto world.
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