Mentioned:
HYPD -14.71% HYLQ -4.00%
Hyperliquid has rapidly become one of the most exciting projects in crypto. And now, the traditional public markets want in.
What’s happening:
- Multiple publicly traded companies in North America have begun acquiring Hyperliquid to hold direct as an asset and aggressively raising capital to focus on providing exposure to Hyperliquid through the public markets
Why it matters:
- Hyperliquid has been on an explosive growth trajectory, quickly becoming one of the most popular decentralized exchanges in all of crypto and one of the single largest tokens by market capitalization
Who is making moves:
- Lion Group Holding (NASDAQ: LGHL) has announced a new $600M USD financing facility from ATW Partners to begin acquiring Hyperliquid tokens, with $10.6M USD up front
- Eyenovia (NASDAQ: EYEN) has just announced a new $50M USD equity financing round for the sole purpose of acquiring Hyperliquid tokens to hold directly as an asset
- HYLQ Strategy Corp (CSE: HYLQ) has purchased 20,387 Hyperliquid tokens to hold directly as an asset and has publicly stated they plan to begin raising capital to purchase more Hyperliquid
Going deeper:
- Hyperliquid has been seeing enormous trading volume lately, including just breaking a new record for open interest on their decentralized exchange
- Tether’s gold backed stablecoin also just recently made waves when they became the first ever stablecoin backed by physical gold ownership to begin trading on Hyperliquid
The intrigue:
- Professional poker player and investor Tony Guoga is one of the largest shareholders of HYLQ Strategy Corp and is also notably one of the largest owners of Solana focused public company Sol Strategies (CSE: HODL)
