<p>Hyperliquid Strategies filed an amendment with the US Securities and Exchange Commission on Sept. 1 to raise the ceiling on its share-sale agreement with Chardan Capital Markets from $1 billion to $2.5 billion.</p><p>The arrangement, first established in October 2025, allows Hyperliquid Strategies to direct Chardan, a New York-based investment bank and broker-dealer, to purchase newly issued common shares at set intervals. Chardan then resells those shares in the public market. The amendment increases the maximum aggregate value of shares that can be sold through the facility.</p><h2 id="what-the-2-5b-figure-actually-means">What the $2.5B Figure Actually Means</h2><p>The $2.5 billion is a ceiling on capacity, not funds already secured. Each time the company draws on the facility, it issues new shares, which increases the total share count and could reduce the percentage stake held by existing investors.</p><p>Prior to this amendment, Hyperliquid Strategies reported raising $647 million through the same facility. The company also disclosed holding approximately 29.3 million Hyperliquid (<a href="https://coinmarketcap.com/currencies/hyperliquid/" rel="noopener noreferrer">HYPE</a>) tokens in its treasury at that point.</p><p><strong>Related Article: <a href="https://coinmarketcap.com/academy/article/hyperliquid-talks-kraken-parent-payward-us-crypto-perps" rel="noopener noreferrer">Hyperliquid in Talks With Kraken Parent To Bring Crypto Perps to US Market</a></strong></p><p>HYPE gained more than 20% in August 2026 after US President Donald Trump said Commodity Futures Trading Commission Chair Michael Selig was working to bring the Hyperliquid decentralized trading platform into US markets "in a fully compliant and legal fashion." Hyperliquid Strategies shares rose 30.4% following those remarks.</p><h2 id="independent-from-the-protocol-it-tracks">Independent From the Protocol It Tracks</h2><p>Despite sharing a name with the Hyperliquid protocol and holding its native token, Hyperliquid Strategies says it has no formal affiliation with the platform. The Nasdaq-listed company describes itself as an independent entity.</p><p>Its treasury strategy is built around accumulating HYPE. The expanded facility gives it more room to raise capital through share sales and direct those proceeds toward additional token purchases, subject to market conditions and the pricing terms set in the agreement.</p>

Hyperliquid Strategies Lifts Equity Facility to $2.5B in SEC Filing

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