Hyperliquid Strategies expands stock buyback program to $100M as PURR shares fall over 30%

The HYPE treasury company increased its share repurchase authorization as its stock and Hyperliquid's native token underperformed Bitcoin in October. Hyperliquid Strategies Inc. (NASDAQ: PURR) has increased its stock repurchase program from $30 million to $100 million, expanding its authorization as shares of the HYPE treasury company have declined more than 30% from their October high. The company said Friday that approximately $72 million remains available under the expanded program, while its board extended the authorization’s expiration date from December 5, 2026, to October 31, 2027.