Hyperliquid Strategies Inc. (PURR) shares surged over 20% in pre-market trading on June 1, 2026. The stock is currently positioned to reach a new record high.
The rally follows a record performance by the company’s primary treasury asset, the Hyperliquid (HYPE) token. The HYPE token reached a new all-time high exceeding $74.
HYPE surpassed Dogecoin to become the 10th largest cryptocurrency by market capitalization. Hyperliquid Strategies remains the largest corporate holder of the asset.
The company’s treasury holds approximately 22.3 million HYPE tokens. This position is currently valued at more than $1.6 billion.
Retail sentiment on platforms such as Stocktwits is described as extremely bullish.