Hyperliquid Strategies Inc has expanded its stock purchase agreement with Chardan Capital Markets from $1 billion** to **$2.5 billion, according to a recent SEC filing, signaling growing institutional confidence in the platform's long-term prospects.
The expansion comes after a period of strong performance, with Hyperliquid generating over $1.7 million in 24-hour app revenue and outperforming major competitors in key operational metrics.
The enlarged agreement provides Hyperliquid with greater financial flexibility to support expansion in liquidity and derivatives offerings, while strengthening its ability to attract institutional investors.
Analysts view the move as a strong vote of confidence from Chardan in Hyperliquid's ability to continue leading the decentralized trading space, despite recent sector-wide headwinds.