Hyperliquid Aims for $1B Raise as HYPE Token Defies Market Crash
Hyperliquid Strategies Has Filed to Raise Up to $1 Billion via a Committed Equity Facility with Chardan Capital Markets.
Quick overview
- Hyperliquid Strategies has filed to raise up to $1 billion through a committed equity facility with Chardan Capital Markets.
- The company, resulting from a merger between Sonnet BioTherapeutics and Rorschach I LLC, plans to issue 160 million shares of common stock.
- Led by former Barclays CEO Bob Diamond and CEO David Schamis, Hyperliquid holds 12.6 million HYPE tokens and $305 million in cash reserves.
- The HYPE token has gained institutional interest, outperforming the broader crypto market with a 7% increase amid a general market decline.
Hyperliquid Strategies Has Filed to Raise Up to $1 Billion via a Committed Equity Facility with Chardan Capital Markets. The move was outlined in the companies latest S-1 filing: Hyperliquid aims to Issue up to 160 million shares of common stock with the proceeds being channeled to General Operations and token buying, specifically the HYPE token.
Hyperliquid is actually the result of a merger between Sonnet BioTherapeutics (Nasdaq: SONN) and Rorschach I LLC with plans to trade on the Nasdaq under a new ticker when the deal is finalised later this year.
People like former Barclays CEO Bob Diamond are at the helm – he’s now the Chairman – while David Schamis is the CEO, which might be seen as an experienced team taking control of the ship. The filing shows that Hyperliquid has 12.6 million Hype tokens and $305 million in cash reserves which they plan on using for staking strategies to generate a bit of extra income and make better use of their resources in the long term.
Key details:
- They’re looking to raise capital to the tune of $1 billion
- They’ve got 12.6 million HYPE tokens stashed away
- They’ve got a pretty hefty $305 million in cash reserves
- The leadership team is being headed up by Bob Diamond (Chairman) & David Schamis (CEO)
Hyperliquid's $1B Power Move & What It Means for $HYPE
🚀 Breaking: #Hyperliquid Strategies aims to raise $1 BILLION to fund HYPE Treasury purchases!
This isn't just another fundraise – it's the largest institutional endorsement of #DEFİ we've seen🏦→💎— Dan Keller (@Keller_crypt) October 23, 2025
Institutional Demand for HYPE Token Gains Momentum
The momentum behind HYPE continues to build with more and more institutional players signing up. Lion Group – a firm listed on the Nasdaq – recently announced they were going to withdraw their Solana and Sui shares and put all their money into Hype instead – this is another vote of confidence in the project and its underlying liquidity protocol.
Bitwise Asset Management is launching a brand new ETF – the Bitwise Hyperliquid ETF – it’s designed to give investors the chance to trade the Hype token while keeping their trading costs down and getting better access to the market.
This trend really highlights the growing overlap between traditional finance and DeFi (decentralised finance) and also the growing demand for mainstream access to decentralised liquidity infrastructure.
HYPE Token Beats the Broader Crypto Market
While the rest of the crypto market was down 0.4% over the past day the Hype token saw a pretty impressive 7% gain as per TradingView data – In contrast Aster token on the BNB Chain fell by just over 7.6%. This highlights just how much better Hype is performing compared to the rest of the crypto market.
Analysts are putting this down to the recent protocol upgrades and the HIP-3 update – which now lets developers create new futures markets on HyperCore without needing to get any approval – this really ups the decentralisation levels.
Now with institutional products rolling out and network growth accelerating Hyperliquid’s $1B raise just might be a pretty big deal that marks a major step forward for the integration of crypto into mainstream finance.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save