Hyperliquid Strategies Raises $888 Million

Hyperliquid Strategies, a digital asset treasury, raised $888 million in July 2025 to fund its operations and expand its holdings of the HYPE token. The company, led by CEO David Schamis, now holds over 35 million tokens worth roughly $3.3 billion. This active business model allows the firm to earn revenue from validator fees and token rewards, distinguishing it from passive crypto treasuries that have struggled recently.