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Cointelegraph • Jul 16, 2025

Hyperliquid Strategies Inc. plan for $583M treasury boosts HYPE price

The creation of a $583 million treasury by Hyperliquid Strategies Inc. following the Sonnet BioTherapeutics and Rorschach merger has contributed to a notable increase in the value...

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The Block • Jul 14, 2025

Nasdaq-listed Sonnet BioTherapeutics agrees to $888 million merger to become Hyperliquid Strategies,...

The merger valued at $888 million will transform Sonnet BioTherapeutics into Hyperliquid Strategies, which is projected to possess 12.6 million HYPE tokens and $305 million in cash...

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