Hyperliquid Strategies Boosts Equity Facility by $1.5B in New SEC Filing

Nasdaq-listed Hyperliquid Strategies (Nasdaq: PURR) has expanded its Chardan equity facility from $1.0 billion to $2.5 billion. The move hands the HYPE treasury firm $1.5 billion in additional fundraising capacity, without a single dollar yet guaranteed.

$647M Already Drawn, and 29.3M HYPE Bought

The company filed a Form 8-K with the SEC on September 1, 2026. It confirmed the signing of Amendment No. 1 to its Committed Equity Facility (ChEF) Purchase Agreement with Chardan Capital Markets LLC, dated October 22, 2025.

CoinGape earlier reported on the $1 billion Chardan equity facility when Hyperliquid Strategies first announced the capital raise and its plan to accumulate HYPE.

The facility is not new money on arrival. It is a discretionary equity line. Hyperliquid Strategies sells shares to Chardan, and Chardan resells them in the open market.

Nothing in the amendment forces the company to draw the extra $1.5 billion.

Through June 30, 2026, the company had already issued roughly 76.06 million PURR shares under the original facility.

That generated $646.6 million in gross proceeds at an average issue price of about $8.70 per share.

As CoinGape reported, the 29.3 million HYPE treasury update showed those proceeds were largely deployed, roughly $773.4 million went into HYPE purchases and PURR buybacks combined.