New York, November 5, 2026 / PRNewswire / -- Hyperliquid Strategies Inc (Nasdaq ticker: PURR, hereinafter referred to as “HSI” or “the Company”) today announced its financial and operational results for the quarter ending September 30, 2026. HSI is a digital asset treasury platform focused on the Hyperliquid ecosystem.

Hyperliquid Strategies Inc CEO David Schamis stated: "This quarter, we deployed $802 million and submitted an application to become a futures commission merchant. These two actions are essentially the same bet. Hyperliquid is winning those on-chain financial businesses that generate real costs, and almost all of this value will flow back to the HYPE holders through programmed repurchases. Holding HYPE is our way of capturing the economic benefits related to the Hyperliquid protocol; establishing FCM is our way of helping to bring the markets deployed on Hyperliquid into the United States."

Key highlights of the quarter as of September 30, 2026:

• 911 million US dollars in equity capital was raised through the use of equity financing instruments.
• $802 million was deployed, of which $785 million was used to purchase 9.1 million HYPE tokens, increasing the number of tokens in the treasury from 29.3 million on June 30, 2026, to 38.5 million on September 30, 2026; an additional $17 million was used to repurchase 2.7 million PURR shares.
• Maintains a robust balance sheet, holding $254.6 million in cash and cash equivalents, with no debt.
• Hyperliquid Strategies x Unit The verification node has now become the largest non-foundation verification node on the network.

Hyperliquid Ecological Momentum

The momentum of blockchain being adopted by the global financial system continues to grow, and a significant portion of this momentum is reflected within the Hyperliquid ecosystem.

As the vision of Hyperliquid to become the infrastructure supporting all financial activities continues to advance, the Hyperliquid protocol continues to generate increasingly diversified fee revenues. The company stated that within the 12 months ending September 30, 2026, approximately $834 million in value flowed into the Hyperliquid ecosystem; this protocol processes billions of dollars in transactions daily, and most of the value created by the ecosystem is directly directed towards the HYPE tokens through programmed HYPE token repurchases.

Hyperliquid recently announced plans to add more deployer functionalities under the name of HIP-3. These optional additional features will allow deployers to build and launch licensed markets on the infrastructure of Hyperliquid. Independent operators will run their own markets in a compliant manner, while the underlying chain will remain a neutral infrastructure layer.

To align with these developments, a subsidiary of HSI has submitted an application to become a futures commission merchant (FCM). Subject to regulatory approval, this FCM will host American customer accounts on the licensed market deployed in Hyperliquid in accordance with HIP-3. This will provide HSI with the opportunity to help bring sustainable futures to American customers within a regulated framework. However, there is no guarantee regarding the timing or outcome of this application, nor the regulatory approval for the licensed HIP-3 market.

HSI Financial Summary for the Quarter Ending September 30, 2026:

• Balance Sheet:
• As of September 30, 2026, the total assets amounted to $3.7643 billion, which includes $254.6 million in cash and cash equivalents, as well as $3.5053 billion in HYPE tokens (calculated at $90.99 per HYPE as of September 30, 2026, for a total of approximately 38.52 million tokens held).
• Shareholder equity amounts to $3.403 billion, with no debt, indicating a robust balance sheet.
• Income Statement (for the quarter ending September 30, 2026):
• The pledge income from holding HYPE and the commission for verification nodes amount to 12.3 million US dollars.
• Interest income of $1 million.
• Sales, management, and R&D expenses amounted to 7.6 million US dollars.
• Net profit was 620.6 million US dollars.
• Net profit is mainly composed of the following items:
• HYPE The token did not achieve a net profit of 803 million US dollars.
• Expenses related to committed equity financing instruments, mainly of a non-cash nature, amount to $15.3 million.
• Income tax provision of $172.3 million.

Treasury Strategy Progress as of October 28, 2026:

• Capital Deployment:A total of $1.5832 billion was deployed, accumulating approximately 25.9 million HYPE tokens at an average cost of $61.13 per token; including staking and verification rewards, the total holding of HYPE tokens reaches 38.9 million, calculated at a weighted average cost of $56.35 per token.
• Deploying $27.9 million to repurchase approximately 5.8 million shares of PURR at an average price of $4.81 per share.
• Financing:Raised $1.5784 billion by committing to equity financing instruments at an issue price of $10.36 per share on average.
• Cash balance:The remaining cash and cash-like instruments amount to $245.3 million.

Live Streaming:

The company will hold an audio webcast on Thursday, November 5, 2026, at 5:15 PM Eastern Time in the United States, with a Q&A session included. Attendees will be CEO David Schamis and Chief Financial Officer Brett Beldner. You can register in advance at: https :// hyperliquid-strategies-earnings-call-q1-2027.open-exchange.net / registration.

For advance inquiries, please send them to investors @ hypestrat.xyz.

After the event, you can watch the replay at www.hypestrat.xyz.

About Hyperliquid Strategies Inc

Hyperliquid Strategies Inc (Nasdaq ticker: PURR) is a digital asset treasury company whose main goal is to maximize shareholder value by accumulating HYPE. HYPE is the native token of Hyperliquid, while Hyperliquid is a high-performance blockchain specifically built to support all financial activities. HSI is designed to provide American and institutional investors with more capital-efficient and productive HYPE token exposures, and by leveraging staking, yield optimization, and active participation in the ecosystem, it creates compound returns that individual holders may find difficult to replicate. HSI is currently the largest digital asset treasury platform centered around HYPE. With the rapid growth of Hyperliquid, it provides exposure to one of the largest and fastest-growing revenue pools in the digital asset space. For more information, please visit www.hypestrat.xyz.

Website Information:

The website (Hyperliquid Strategies Inc) (www.hypestrat.xyz) contains a dedicated section for tracking the company's “adjusted net asset value” (i.e., the shareholders’ equity of the company, with adjustments made for factors such as cash, the value of HYPE tokens, and the quantity held).

This section will be updated regularly to enhance transparency for the company's shareholders and to reflect the commitment of HSI to provide transparent, capital-efficient, and productive HYPE token offerings.

The company uses its website to disclose information that may be considered significant and non-public (including information regarding the adjusted net asset value) in order to fulfill its disclosure obligations under Regulation FD. Therefore, in addition to paying attention to the company's press releases, documents from the U.S. Securities and Exchange Commission (SEC), public teleconferences, presentations, and webcasts, investors should also monitor the company's website.

The company may also use social media channels to communicate information about the company and other matters to investors and the public, and such communications may also be considered significant information. Information on websites or social media channels, or information that can be accessed through these channels, is not incorporated into this document by citation and does not constitute a part of this document.

Forward-looking Statements

This press release contains certain statements that are not historical facts. These statements are considered forward-looking statements as defined by the Federal Securities Laws and are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include various assertions regarding the company's business, strategy, and future plans, including the plan to become a futures commission merchant, as well as statements regarding the expected growth and development of Hyperliquid. Forward-looking statements can typically be identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "strategy," "future," "opportunity," "potential," "plans," "may," "should," "will," "shall," "will continue," and "is likely to result in." Forward-looking statements are predictions, inferences, and other statements about future events or circumstances based on current expectations and assumptions, and therefore involve risks and uncertainties that could lead to significant differences between actual results and anticipated results.These risks and uncertainties include, but are not limited to: changes in the business, market, financial, political, and regulatory environments; risks related to the operations and business of HSI, including high volatility in the price of HYPE tokens; the risk that the stock price of HSI may be highly correlated with the price of HYPE tokens, and the risk that the price of HYPE tokens may fall; the risk of increased competition in the industry in which HSI operates; significant legal, business, regulatory, and technical uncertainties related to HYPE tokens; risks related to the tax treatment of HYPE tokens in the United States and overseas; the risk of encountering difficulties in managing growth and expanding operations; challenges that HSI may face in implementing its business plan due to operational challenges, fierce competition, and regulations, including financial and consulting services related to HYPE tokens; as well as factors discussed in the 10-K annual report submitted by HSI to SEC on August 27, 2026, and subsequent documents and reports submitted from time to time. Although HSI may choose to update these forward-looking statements in the future, the company explicitly states that it has no obligation to do so.

1. The information in this section is based on public information and has not been independently verified by HSI.

2 Capital raising and deployment cover the period from the date of establishment (December 2, 2025) to August 28, 2026.