Hyperliquid Strategies expands equity facility to $2.5 billion

Hyperliquid Strategies Inc (NASDAQ: PURR ) on Tuesday expanded its equity facility to $2.5 billion as Kraken deal talks advance toward a U.S. market entry for Hyperliquid.

Expanded Equity Facility Targets HYPE Treasury Growth According to an 8-K filing cited by The Block, Hyperliquid Strategies amended its committed equity facility with Chardan Capital Markets, raising the ceiling from $1 billion to $2.5 billion.

Under the expanded agreement, the company can sell newly issued common stock to Chardan to raise funds for growing its HYPE treasury.

Once the first $1 billion in stock is sold, Nasdaq rules cap any further sales priced below $12.02 per share at 42.6 million shares, roughly 19.99% of shares outstanding, unless shareholders vote to approve more.

The company has already sold roughly $647 million worth of shares under the original facility as of June 30, leaving meaningful room before hitting that threshold.

Kraken Partnership Opens Path to US Market As reported Monday, Hyperliquid Labs is in advanced talks with Kraken’s parent company Payward to bring its perpetual futures to US traders through Payward’s subsidiary Bitnomial, a US-regulated digital asset exchange.

Payward has already submitted a proposal to the CFTC outlining the basic structure, according to people familiar with the matter.

The deal would mark Hyperliquid’s first entry into the US market, where it currently has no access despite handling more than $4 billion in daily trading volume globally.

A successful arrangement could also serve as a blueprint for other offshore crypto platforms seeking a compliant US entry.

Hyperliquid’s On-Chain Activity Keeps Growing Hyperliquid News posted on X that HIP-4 outcome markets generated $3.26 million in 24-hour trading volume, with Outcomexyz driving 82.5% of that total.

The numbers show Hyperliquid’s newer product categories gaining real traction alongside its dominant perpetuals business.

PURR Technical Levels to Watch PURR holds around $11.50 Tuesday, pulling back from last week’s spike high of $14.14 while holding above the $11.30 to $11.50 breakout retest zone that now acts as support.

RSI at 64.85 has cooled from a peak above 78 but remains in constructive territory, with the 20-day EMA at $9.91 as the next real support below.

Key levels for PURR: $14.14 — spike high, resistance above $11.30 to $11.50 — breakout retest zone, must hold $9.91 — 20-day EMA, deeper support Image: Shutterstock