Hyperliquid Strategies Shares Close 23% Higher; ICE Signs Trade[XYZ] Deal

Hyperliquid Strategies shares closed at $12.29 Thursday, up 23.27% from the previous close, on the same day Intercontinental Exchange announced a deal to pursue a U.S. perpetual-futures market with Trade[XYZ]. The stock, which trades as PURR, had closed at $9.97 previously and saw 60,523,100 shares traded Thursday. The closing price was recorded at 4 p.m. ET (20:00 UTC). Stanley Druckenmiller posted Thursday that he is an investor in Trade[XYZ]. His post did not give an investment amount. ICE and Trade[XYZ] reached a definitive agreement, subject to regulatory approvals.