Hyperliquid Strategies Posts $621 Million Quarterly Profit
Photo: TokenPost
Hyperliquid Strategies posted $621 million in net profit for the quarter ended Sept. 30, with most of the earnings coming from unrealized gains on its Hyperliquid (HYPE) token holdings. The Nasdaq-listed company recorded $803 million in HYPE-linked unrealized gains and $172 million in income tax expense. Quarterly revenue was $13.3 million: $12.3 million from staking income and validator commissions and $1 million from interest. The revenue total topped analyst estimates of $10.6 million to $12 million, while the unrealized gain was more than 60 times revenue. Hyperliquid Strategies spent $785 million to buy 9.1 million HYPE tokens during the quarter.
Also reported by The Defiant, Unchained.
Source: TokenPost
