The post HYPE Gains 9% as HSI Stock PURR Lists on Nasdaq Today appeared on BitcoinEthereumNews.com. Key Highlights: Hyperliquid Strategies Inc., to be listed on Nasdaq today, December 3, 2025. The company will invest $888 million into HYPE-focused treasury, with heavy buyback programs. Arthur Hayes has endorsed Hyperliquid in the past and warned about shift in trading from CEX to DEX. Hyperliquid Strategies Inc., will begin trading on Nasdaq today, December 3, 2025, under the ticker “PURR”, following its merger with Sonnet BioTherapeutics. This listing announcement has immediately lifted the market sentiment for HYPE token. The token is up by 9% to the $33-$38 range. This move will provide U.S. investors a safe and regulated way to access Hyperliquid’s fast growing blockchain ecosystem, a network that is currently leading perpetual futures trading with billions in daily volume. 🔥 Hyperliquid Strategies Common Stock Expected to Begin Trading on Nasdaq on Wednesday, December 3 Under the Ticker $PURR Hyperliquid Strategies will operate as a HYPE token treasury reserve, holding approximately 12.6 million $HYPE tokens and $300 million in cash, offering… pic.twitter.com/mFeMVegFav — Hyperliquid Daily (@HYPERDailyTK) December 3, 2025 Merger Details Enable HYPE Treasury Strategy With this announcement, HSI, which is now run by CEO David Schamis and chairman Bob Diamond with support from Paradigm and Atlas, has completed its deal with Sonnet after the December 2 closing and a five-for-one share change. After the merger, HSI turned Sonnet’s assets into a treasury that is focused mainly on the HYPE token. The company is said to be investing $888 million into its crypto strategy and about 65% of that money will go toward buying and using HYPE for staking, earning rewards, and taking part in the Hyperliquid ecosystem. This approach is very similar to how MicroStrategy (now known as Strategy) invested heavily in Bitcoin. Sonnet will still exist as a subsidiary, but the old stocks will no longer be… The post HYPE Gains 9% as HSI Stock PURR Lists on Nasdaq Today appeared on BitcoinEthereumNews.com. Key Highlights: Hyperliquid Strategies Inc., to be listed on Nasdaq today, December 3, 2025. The company will invest $888 million into HYPE-focused treasury, with heavy buyback programs. Arthur Hayes has endorsed Hyperliquid in the past and warned about shift in trading from CEX to DEX. Hyperliquid Strategies Inc., will begin trading on Nasdaq today, December 3, 2025, under the ticker “PURR”, following its merger with Sonnet BioTherapeutics. This listing announcement has immediately lifted the market sentiment for HYPE token. The token is up by 9% to the $33-$38 range. This move will provide U.S. investors a safe and regulated way to access Hyperliquid’s fast growing blockchain ecosystem, a network that is currently leading perpetual futures trading with billions in daily volume. 🔥 Hyperliquid Strategies Common Stock Expected to Begin Trading on Nasdaq on Wednesday, December 3 Under the Ticker $PURR Hyperliquid Strategies will operate as a HYPE token treasury reserve, holding approximately 12.6 million $HYPE tokens and $300 million in cash, offering… pic.twitter.com/mFeMVegFav — Hyperliquid Daily (@HYPERDailyTK) December 3, 2025 Merger Details Enable HYPE Treasury Strategy With this announcement, HSI, which is now run by CEO David Schamis and chairman Bob Diamond with support from Paradigm and Atlas, has completed its deal with Sonnet after the December 2 closing and a five-for-one share change. After the merger, HSI turned Sonnet’s assets into a treasury that is focused mainly on the HYPE token. The company is said to be investing $888 million into its crypto strategy and about 65% of that money will go toward buying and using HYPE for staking, earning rewards, and taking part in the Hyperliquid ecosystem. This approach is very similar to how MicroStrategy (now known as Strategy) invested heavily in Bitcoin. Sonnet will still exist as a subsidiary, but the old stocks will no longer be…

HYPE Gains 9% as HSI Stock PURR Lists on Nasdaq Today

2025/12/03 19:43

Key Highlights:

  • Hyperliquid Strategies Inc., to be listed on Nasdaq today, December 3, 2025.
  • The company will invest $888 million into HYPE-focused treasury, with heavy buyback programs.
  • Arthur Hayes has endorsed Hyperliquid in the past and warned about shift in trading from CEX to DEX.

Hyperliquid Strategies Inc., will begin trading on Nasdaq today, December 3, 2025, under the ticker “PURR”, following its merger with Sonnet BioTherapeutics. This listing announcement has immediately lifted the market sentiment for HYPE token. The token is up by 9% to the $33-$38 range.

This move will provide U.S. investors a safe and regulated way to access Hyperliquid’s fast growing blockchain ecosystem, a network that is currently leading perpetual futures trading with billions in daily volume.

Merger Details Enable HYPE Treasury Strategy

With this announcement, HSI, which is now run by CEO David Schamis and chairman Bob Diamond with support from Paradigm and Atlas, has completed its deal with Sonnet after the December 2 closing and a five-for-one share change. After the merger, HSI turned Sonnet’s assets into a treasury that is focused mainly on the HYPE token.

The company is said to be investing $888 million into its crypto strategy and about 65% of that money will go toward buying and using HYPE for staking, earning rewards, and taking part in the Hyperliquid ecosystem. This approach is very similar to how MicroStrategy (now known as Strategy) invested heavily in Bitcoin.

Sonnet will still exist as a subsidiary, but the old stocks will no longer be traded. The goal right now for the company is to attract big institutional investors for PURR so that they can have access to Hyperliquid’s fast-growing, trader-focused platform.

Token Unlocks Test Buyback Resilience

HYPE jumped about 9% to the $33.90-$38.13 range, giving it market value of about $11.57 billion. This happened even though a big token unlock on November 29 added roughly $344-$351 million worth of new supply into the market, normally something that leads to a downfall of the token price.

At press time, the price of the token stands at $34.39 with an uptick of 9.66% in the last 24 hours as per CoinMarketCap. The trading volume has also increased by 19.72% in the last 24 hours.

HYPE 24-hours chart

The other big reason why the price held up is that the company has been buying back HYPE in a great number. The platform is spending more than $600 million per year on buybacks (around $2-5 million per day), which helps in balancing out the selling pressure.

Arthur Hayes Publicly backed Hyperliquid

As mentioned above, HSI is investing a great amount of money ($888 million) into its crypto plan, and a big chuck of that, which is about $2-$5 million every day, is being used to buy back HYPE and stake it. This move will support the token and reduce the selling pressure.

The thing here to notice is that Arthur Hayes has always emphasized that the PerpDEX platforms will win in the long run only if they use strong buyback programs, and not just high trading volume.

So now that HSI is listed on Nasdaq, it is doubling down on HYPE buybacks, it is basically following the same strategy Hayes believes will keep a platform ahead of its competitors.

Even though the overall market sentiment is low (Fear and Greed Index is 22), analysts think that HYPE can revisit the previous highs near $59, especially if DEXs keep taking markets from centralized exchanges as Arthur Hayes expects.

Also Read: Hyperliquid Drops Over 12% In Overbought Correction

Source: https://www.cryptonewsz.com/hype-gain-hsi-stock-debut-purr-on-nasdaq/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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