A post by @WuBlockchain on X.
Largest HYPE Treasury Firm Hyperliquid Strategies Seeks US Futures Commission Merchant Registration, Reports $620.6M Quarterly Profit
@WuBlockchain on X
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Hyperliquid Strategies (NASDAQ: PURR), the largest publicly traded HYPE treasury firm, said a subsidiary has applied to register as a U.S. futures commission merchant while reporting $620.6 million in quarterly profit. The move would let the company expand beyond holding HYPE tokens into regulated derivatives and clearing activities in the U.S. market. The filing comes as HYPE treasury vehicles gain prominence, with PURR positioning itself as the largest public holder of the token. The $620.6 million quarterly profit underscores how token treasury gains can drive earnings for listed crypto-adjacent firms. What to watch next is whether the FCM application clears regulatory review and how PURR's HYPE holdings and derivatives ambitions evolve.
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Named in this story
Hyperliquid Strategies, HYPE (HYPE), NASDAQ: PURR, Wu Blockchain
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