Gate News, March 25 — Digital asset management firm Hyperliquid Strategies Inc. announced that it has launched options trading for its common stock PURR on the NASDAQ Options Market, marking a significant step in connecting traditional financial instruments with crypto exposure.
According to reports, PURR stock offers investors an indirect way to gain exposure to HYPE, and the introduction of options will further enhance the asset’s liquidity and price discovery. CEO David Schamis stated that options trading can help investors hedge risks more flexibly while participating in the growth of the Hyperliquid ecosystem.
Hyperliquid Strategies’ core strategy is to continuously accumulate HYPE and improve returns through staking, yield optimization, and ecosystem participation. Currently, the company holds about 17.6 million HYPE tokens, accounting for approximately 1.83% of the total supply. This allocation provides high resilience to HYPE price fluctuations but also introduces unrealized loss risk.
Financial data shows that by the end of 2025, the company’s total assets are estimated at around $617 million, but it recorded a net loss of $317.9 million in the second half of the year, mainly due to unrealized losses from HYPE price volatility. Nevertheless, with recent upward trends in HYPE, market sentiment has improved. Data indicates that HYPE has risen about 7.37% in the past 24 hours, with nearly a 40% increase over the past 30 days.
Notably, growth within the Hyperliquid ecosystem is accelerating. Its HIP-3 market (perpetual contracts for tokenized traditional assets) has reached $1.74 billion in open interest over six months, demonstrating increasing demand from institutions and traders for on-chain derivatives.
Analysts believe that the launch of PURR options not only provides investors with more strategic tools but also further strengthens the “stock + token” dual exposure model. This enhances capital efficiency and offers a new pathway for traditional capital to enter the on-chain ecosystem. (The Block)
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