Hyperliquid Strategies Inc.

Total Hyperliquid16.89m HYPE

Today's Value (USD)$1.139b

Cost Basis$783.15m

Average Purchase Price$46.37

First AnnouncementJul 14, 2025

Latest AnnouncementDec 3, 2025

Total Transactions2

$PURR price$8.18000031

Realized mNAV0.92

Realistic mNAV0.92

Max mNAV0.92

Cumulative Holdings Over Time

Source: Yahoo Finance

Asset					Type	Source Type	Source URL	Source Note
Hyperliquid	+4.31m HYPE	$46.37	$200m	Dec 3, 2025	Purchase	Filing	open in new tab	Contribution of at least $200M in HYPE Tokens Value to Rorschach immediately prior to Rorschach Merger Effective Time per Business Combination Agreement, valued at agreed $46.372 per token, resulting in approximately 4,314,286 HYPE tokens acquired at closing of business combination on 2025-12-03
Hyperliquid	+12.57m HYPE	$46.37	$583m	Jul 14, 2025	Purchase	Filing	open in new tab	Pro forma closing projection: Pubco expected to hold approximately $583M in HYPE tokens based on $46.372 agreed spot per 8-K and press release. Equivalent to ~12.6M HYPE acquired at or prior to closing.