Hyperliquid Strategies has raised its equity facility with Chardan Capital Markets from $1 billion to $2.5 billion, increasing the company’s access to capital through future share sales.
SEC filing details amendments
In a filing submitted Tuesday to the US Securities and Exchange Commission, Hyperliquid Strategies announced an amendment to its equity facility purchase agreement with Chardan, first established in October 2025. The amendment lifts the aggregate gross purchase price of newly issued common shares that Chardan may buy from the company.
The agreement allows Hyperliquid Strategies to direct Chardan, a New York-based broker-dealer and investment bank, to acquire shares in tranches, guided by predetermined pricing, trading volume, and other conditions. Chardan, in turn, holds the ability to resell these shares on the open market.
The $2.5 billion figure represents the facility’s maximum drawdown potential, not funds currently raised. If accessed, this arrangement would provide additional financial support for Hyperliquid Strategies’ treasury operations focused on the HYPE token. However, drawing on the facility would involve issuing new shares, which could dilute the stake of existing shareholders.
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AAPLHYPE treasury strategy and market momentum
To date, Hyperliquid Strategies has reported securing $647 million through this equity facility, growing its treasury to about 29.3 million HYPE tokens.
Recent market interest in Hyperliquid has intensified. In August, the HYPE token jumped over 20% after US President Donald Trump remarked that Commodity Futures Trading Commission Chair Michael Selig was working to introduce the decentralized trading platform to US markets “in a fully compliant and legal fashion.”
Hyperliquid Strategies’ shares climbed 30.4% following Trump’s statements.
Despite sharing a name with the trading protocol and holding its native HYPE token, Hyperliquid Strategies asserts its independence and states that no official affiliation exists between the company and Hyperliquid.
Broader trends in asset management
As institutional strategies evolve, technological advancements are also shaping financial services. While traditional markets often rely on intermediaries and brokers, platforms like 1stepSwap are redefining asset management. Investors are beginning to hold shares of major US companies, as well as assets such as gold and silver, directly in crypto wallets. By tokenizing real-world assets and instantly sourcing optimal prices, these platforms aim to eliminate middlemen from the process.
