Hyperliquid Strategies authorizes stock buyback of up to $30 million amid decline of HYPE token
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Stock Repurchase Program: Hyperliquid Strategies Inc. has approved a stock repurchase program of up to $30 million, effective for 12 months, to enhance shareholder value and increase exposure to its native token, HYPE.
Market Conditions: The buybacks will occur in open-market transactions and will be subject to management discretion based on market conditions and legal requirements.
HYPE Token Performance: The announcement comes as the HYPE token has seen a nearly 30% decline over the past month, ranking among the worst-performing assets in the top 20 by market capitalization.
Company Reserves: Hyperliquid Strategies holds 12 million HYPE tokens and has $300 million in cash reserves to support its capital strategy within the ecosystem.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
