Contributor
In this report, we present Outstanding Token Supply (OTS), a framework designed to capture the tokens that represent actual claims on Hyperliquid's value today. By separating future allocations from committed ownership and permanently retired supply, OTS provides a clearer lens through which to evaluate Hyperliquid's market capitalization and valuation.
Hyperliquid Strategies Inc is a digital asset treasury company. We hold HYPE on our balance sheet, we are listed on the Nasdaq, we stake and deploy our HYPE in the Hyperliquid ecosystem to earn yield and the primary thing our shareholders own when they own us is exposure to the Hyperliquid ecosystem in an equity wrapper. That is an accurate description of what we are. It is not a complete description of everything that we do.
