Overview
- Duquesne Family Office reported about 2.94 million shares of Hyperliquid Strategies (PURR), a position worth roughly $23.15 million in its Q2 2026 13F filing.
- The filing also shows Duquesne holds about $87.8 million in crypto-related equities overall, including a larger $64.7 million stake in Bitdeer Technologies.
- Hyperliquid Strategies has rapidly grown its HYPE treasury to about 29.2 million tokens, funded in part by roughly 76.1 million new shares that raised about $647 million through mid-July.
- The stock traded below the company’s token-derived net asset value before a recent rally narrowed that gap, but at least 27.4 million warrants exercisable at set prices could dilute existing holders.
- Investors use digital-asset-treasuries like PURR to get token exposure inside a regulated equity wrapper, so market moves now depend on further share issuance, warrant exercises, and company disclosures.