Hyperliquid Strategies Triples Buyback to $100 Million as PURR Trades Below Net Asset Value

Hyperliquid Strategies Inc (NASDAQ: PURR) is tripling the amount it can spend buying back its own stock, a decision that lands while the digital-asset treasury company’s shares trade below the value of the HYPE tokens on its balance sheet. The board lifted the repurchase program to as much as $100 million from $30 million and pushed its termination date out to October 31, 2027, from December 5, 2026, the company said in a press release on Friday, October 23.