Hyperliquid Strategies posts $620.6M Q3 profit – Mostly unrealized HYPE gains

Hyperliquid Strategies Inc., the largest publicly traded HYPE treasury company, announced that its subsidiary has applied for registration as a US futures commission merchant (FCM). CEO David Schamis said, We deployed $802 million this quarter and filed an application to become a futures commission merchant. Those two moves are the same bet. Hyperliquid Strategies Inc. reports quarterly financials Hyperliquid was dominant in the part of on-chain finance that delivers real fees, and this value flows back to HYPE holders through systematic buybacks, the CEO added. The company reported $620.6 million in quarterly profits.

Source: AMBCrypto