Digital asset treasury company Hyperliquid Strategies launches PURR stock options trading

PANews March 25—According to The Block, the digital asset treasury company Hyperliquid Strategies has announced the launch of options trading for its common stock PURR on the Nasdaq options market, aiming to improve the liquidity and price discovery of PURR stock. The company primarily accumulates HYPE tokens through staking, yield optimization, and ecosystem participation, creating value for its shareholders.

Hyperliquid Strategies went public last December through a merger with Sonnet BioTherapeutics. As of early February 2026, the company holds 17.6 million HYPE tokens, accounting for 1.83% of the total supply. At the end of 2025, the company reported total assets of $616.7 million, but recorded an unrealized loss of $262.4 million due to HYPE price fluctuations and a net loss of $317.9 million.