Hyperliquid Strategies Inc. has launched options trading for its Nasdaq-listed stock PURR, aiming to enhance liquidity and price discovery for investors seeking exposure to its HYPE token.
Hyperliquid Strategies Inc., a digital asset treasury service provider, has introduced options trading for its common stock PURR on the Nasdaq Options Market. This initiative aims to increase liquidity and facilitate efficient price discovery while providing an indirect method for accessing the company’s HYPE token. According to an official announcement, the company stated: “The introduction of options will offer investors flexibility in managing their investments while they interact with the expanding ecosystem of Hyperliquid.”
CEO David Schamis said, “This is a major moment for our company. The availability of PURR options will enable investors to better control their risks while participating in the growth of Hyperliquid’s high-speed trading platform.” The company’s core strategy involves aggressively acquiring HYPE tokens to maximize shareholder returns through staking rewards and ecosystem participation, despite reporting a net loss of $317.9 million for the latter half of 2025.
This loss was primarily driven by $262.4 million in unrealized losses on its HYPE holdings. By early February 2026, the company had accumulated approximately 17.6 million HYPE tokens, representing 1.83% of the total supply. The launch coincides with significant growth on the Hyperliquid platform, particularly in its HIP-3 markets for perpetual futures on tokenized traditional assets, which have achieved a combined open interest of $1.74 billion within their first six months.
