Hyperliquid-listed company PURR launches $30 million buyback plan, betting on HYPE token

[Crypto World] Hyperliquid Strategies Inc (NASDAQ: PURR) just made a big move—the board has approved a stock buyback program of up to $30 million.

This buyback targets the company’s outstanding common shares (par value $0.01/share), and the plan is valid for 12 months. CEO David Shamis said: “What we aim to do is maximize shareholder value through smart capital management. The core goal? To enable investors to allocate HYPE—the most hardcore native token in the Hyperliquid ecosystem—more efficiently. We’ll use company cash in the best possible way to increase HYPE exposure per share.”

How will the buyback work? It will be conducted in accordance with federal securities laws—it could be through open market purchases at market prices, privately negotiated transactions, or other compliant methods. The specific timing, amount, and total expenditure will be decided flexibly by management based on actual circumstances.

Factors influencing the buyback include fluctuations in the market price of HSI common stock, overall market and economic conditions, and various legal restrictions. The company cannot guarantee how much stock will ultimately be repurchased, and the plan may be extended, suspended, or even terminated at any time without prior notice.

Bottom line, PURR is putting real money behind the HYPE token, but how the market reacts and how much can actually be repurchased will depend on what happens next.