Selected Financial Metrics

Hyperliquid Strategies Inc
Net Asset Value Information

HYPE Value
Latest Token Price
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HYPE Tokens Held (M) 17.6
Value of Digital Assets ($ in M)
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PURR
PURR
Latest Share Price
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Fully Diluted Shares (M)
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Fully Diluted Market Cap ($ in M)
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Adjusted Net Asset Value ($ in M)
Adjusted Net Asset Value ($ in M)
Net Asset Value $589.8
Less: Cash From Operations ---
Plus: Cash From Financing
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Less: Treasury Deployment (120.9)
Less: Reported Value of Digital Assets (327.6)
Plus: Current Value of Digital Assets
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Change in Deferred Tax Liability
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Adjusted Net Asset Value
--
Per Fully Diluted Share
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Multiple to Adjusted Net Asset Value
--
Adjusted Net Asset Value ($ in M) Value
Current Value of Digital Assets
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Cash Holdings 155.9
Deferred Tax Liability
--
Other Adjustments
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Adjusted Net Asset Value
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Per Fully Diluted Share
--
   
Multiple to Adjusted Net Asset Value
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This section provides two calculations of Adjusted Net Assets (both yielding the same result), allowing investors to understand Adjusted Net Asset Value from the perspective of (i) adjustments to the latest reported Net Asset Value (table on the left) and (ii) the key components of Adjusted Net Asset Value.

Please read the explanation and disclaimer below carefully before relying on any of the information presented here. The information and metrics provided here are for informational purposes only and do not constitute investment, financial, tax, legal, or other professional advice, nor do they represent a recommendation, solicitation, or offer to buy, sell, or hold any securities, including PURR shares or HYPE tokens.

Source of Information, Frequency of Updating and Calculations

The following items presented in this section are based on Company estimates and are expected to be updated on a weekly basis:

  1. HYPE Tokens Held.

  2. Fully Diluted Shares.

  3. Cash From Operations.

  4. Cash From Financing.

  5. Treasury Deployment.

  6. Estimated Deferred Tax Liability.

  7. Cash Holdings.

  8. Other Adjustments.


The following items presented in this section are sourced from external sources and are expected to be updated continuously (subject to relevant trading hours):

  1. Latest Token Price (HYPE).

  2. Latest Share Price (PURR). 


The following items presented in this section are based on the Company’s latest public filing:

  1. Net Asset Value. 

  2. Reported Value of Digital Assets.


The following items presented in this section are calculated based on the following formulas:

  1. Value of Digital Assets  = A * I.

  2. Fully Diluted Market Cap  = B * J.

  3. Adjusted Net Asset Value 

    • = K – C + D – E – M – F. 

    • = M + G -F + H. 

  4. Net Asset Value Per Fully Diluted Share = O / B.




Disclaimer

The information and metrics displayed on this HYPE dashboard—including, but not limited to, data on Hyperliquid Strategies Inc.’s (the “Company”) common stock, current HYPE token holdings, HYPE token price, Adjusted Net Asset Value and other reported figures—are provided solely for informational and illustrative purposes. They do not constitute investment, financial, tax, legal, or other professional advice, nor do they represent a recommendation, solicitation, or offer to buy, sell, or hold any securities, including PURR shares or HYPE tokens.

No Reliance for Investment Decisions 

Viewers should not rely on this dashboard or any information herein when making investment or financial decisions. All investments, particularly in volatile digital assets like HYPE, involve significant risk of loss, including the potential for total loss of principal. There is no assurance of positive returns, preservation of capital, or achievement of any particular outcome over any time period.

Past Performance and Forward-Looking Information 

Historical performance of HYPE tokens, the Company’s stock (PURR), or any related metrics is not indicative of future results. Market trends, token prices, and asset values can fluctuate dramatically due to factors such as volatility, regulatory changes, macroeconomic conditions, technological developments, or shifts in market sentiment. Future performance may differ materially from past results or any implied expectations. Certain metrics, such as Adjusted Net Asset Value, are non-GAAP key performance indicators (KPIs) used internally to support the Company’s Treasury Strategy; they have inherent limitations (e.g., they do not fully account for existing or future liabilities) and should not be viewed as measures of financial performance, valuation, liquidity, or investment suitability. Investors should rely exclusively on the Company’s audited financial statements and comprehensive disclosures in its SEC filings.

Third-Party Data and Timeliness 

Information sourced from third parties is believed to be reliable but is not independently verified or guaranteed by the Company. Metrics may not reflect real-time values, could be delayed, or may change without notice due to market movements or data source updates.

Risk Awareness and SEC Filings 

Investing in the Company or exposure to HYPE tokens carries substantial risks, including extreme price volatility, regulatory uncertainty, liquidity constraints, counterparty risks, and other factors detailed in the Company’s public filings with the U.S. Securities and Exchange Commission (SEC). Viewers are strongly encouraged to carefully review all risk factors, forward-looking statements, and other disclosures in those SEC filings (available at www.sec.gov) before making any investment decisions.

The Company disclaims any obligation to update or revise any information on in this section except as required by applicable law. By accessing this section, you acknowledge and agree that you have read and understand this disclaimer.