The company plans to issue up to 160 million shares, with Chardan Capital Markets as the financial advisor.
Hyperliquid Strategies Looks to Raise to $1B to Fund HYPE Treasury Purchases
The company plans to issue up to 160 million shares, with Chardan Capital Markets as the financial advisor.
Shares:
The outflow come despite a broader crypto market rally fueled by recent Federal Reserve rate cuts, which helped lift ether prices by 11% over the past week.
“This sharp move appears to be the result of overleveraged positioning, particularly following ETH’s recent run-up, and an overnight dip in the S&P 500, which weighed on risk assets more
SignalPlus head of Insights Augustine Fan noted that markets have already ruled out any chance of an outsized 50-basis-point cut.
The bank said it expects solana to underperform ether over the next two to three years, in a report initiating coverage of the cryptocurrency.