- Hyperliquid Strategies raised its Chardan equity facility from $1 billion to $2.5 billion to enhance its ability to raise capital.
- By the end of June, Hyperliquid had issued around $647 million worth of shares using the old facility.
The committed equity facility of Hyperliquid Strategies with Chardan Capital Markets has been increased to $2.5 billion from $1 billion. This development allows the digital asset treasury company to have more flexibility to secure funds by issuing stocks in the future. The information has been revealed by the company in its most recent SEC filing. The primary focus of Hyperliquid Strategies’ treasury management is HYPE, the native token of the Hyperliquid ecosystem.
Chardan Equity Facility Experiences Major Expansion
Hyperliquid Strategies revised its ChEF Purchase Agreement with Chardan Capital Markets, which was initially executed on October 22, 2025. Under the new deal, the company is permitted to issue shares of its newly issued common stock to Chardan. In case of sale of a $1 billion sale of shares, Nasdaq imposes a limit of $12.02, which can only be raised to 42,641,847 shares or 19.99% of issued and outstanding shares before the modification. It has not disclosed reasons for the $1.5 billion expansion. However, the filing suggests the company has sold approximately $647 million in shares under the old facility.
Company Has Already Raised $647 Million via Share Issuance
Hyperliquid Strategies had issued about $647 million in shares through the aforementioned deal by the end of June. As a result, the newly established facility leaves the firm with plenty of options regarding financing opportunities. Further share issuances would bring more cash for the company’s treasury strategy. Nonetheless, the latest filing fails to clarify whether all the proceeds from the extended facility would be used to purchase HYPE.
The company has been making itself more dependent on accumulating HYPE tokens as the key asset of its treasury strategy. As per the latest 10-K filing of Hyperliquid Strategies, the firm owns approximately 29.4 million HYPE tokens as of August 23. Such a treasury strategy allows investors to have direct access to the company’s strategy regarding the Hyperliquid ecosystem.
Company Has Already Raked In $647 Million Thanks to Share Issuance
Hyperliquid Strategies had already issued around $647 million in shares as of June through the above deal. This means that the newly opened facility has enabled the company to have several options regarding its financing opportunities. The further issuance of shares will add some funds to the company’s treasury strategy. However, the recent filing does not indicate whether all funds from the expanded facility will be used to purchase HYPE.
The company has become increasingly dependent on the accumulation of HYPE tokens as the primary assets in its treasury strategy. According to the latest 10-K filing of Hyperliquid Strategies, the company has around 29.4 million HYPE tokens as of August 23. This makes it possible for investors to get direct insight into the strategy of the company in the Hyperliquid ecosystem.
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