Hyperliquid Strategies launches a $30 million buyback program to strengthen the linkage between the stock price and HYPE tokens

Hyperliquid Strategies announces the launch of a $30 million, 12-month share repurchase program aimed at boosting the stock price of the company, which was recently listed, and strengthening the link between its stock and the HYPE token. The program was announced after the company officially listed on NASDAQ, not only to support secondary market performance but also to further expand the staking and reserve scale of its HYPE tokens.

Hyperliquid Strategies was founded as a result of the merger between Sonnet BioTherapeutics and Rorschach, a SPAC under crypto venture fund Paradigm. The merger was originally scheduled for completion in November but was finalized on December 2nd, leading to the company’s stock beginning trading in early December. As an asset management firm focused on digital assets, Hyperliquid Strategies holds a large amount of HYPE tokens, and this buyback plan will further solidify its capital strength within the token ecosystem.

Regulatory documents show that the company filed an S-1 registration statement in October of this year, intending to raise up to $1 billion to support operations and expand its Web3 investment footprint. The company plans to massively stake its HYPE tokens or deploy them into on-chain financial activities, including decentralized finance (DeFi) strategies, to enhance yield and token liquidity.

Hyperliquid Strategies has attracted support from several well-known institutions, including D1 Capital, Galaxy Digital, Pantera Capital, Republic Digital, and 683 Capital. Additionally, former Barclays CEO Bob Diamond serves as the company’s chairman, providing stronger traditional financial backing for its governance structure.

The HYPE token was launched at the end of 2023 and distributed to early users via airdrop. According to the protocol design, one-third of the total token supply is allocated to users, with the remaining distributed to the founding team and the Hyper Foundation. With the rapid expansion of the HYPE ecosystem, Hyperliquid has become one of the leading decentralized perpetual futures exchanges by trading volume, continuously attracting institutional and retail participants.

This buyback program signifies that the company is strengthening its ecological value through a dual approach of capital markets and token economics, potentially supporting HYPE’s market performance. As the company increases its staking scale and reserve capacity, the market is watching whether the buyback can create a closer linkage between stock prices and token prices.