Hyperliquid Strategies posts $165 million net loss for nine months ended March 31 as HYPE treasury grows

Hyperliquid Strategies posted a $165 million net loss for nine months ended March 31, while its HYPE treasury grew after deploying $216 million to acquire approximately 7.3 million HYPE tokens since December 2025. The firm's significant investment in HYPE tokens indicates its strategic focus. Hyperliquid Strategies' financial performance and HYPE token acquisition are key highlights.