# HyperStrat Expands HYPE Buying Power to $2.5B

*Author: David Christopher*
*Published: Sep 2, 2026*
*Source: https://www.bankless.com/read/news/hyperstrat-expands-hype-buying-power-to-2-5b*

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Yesterday Hyperliquid Strategies announced it's giving itself another $1.5B of potential firepower to keep accumulating HYPE (its core strategy) after nearly exhausting its original equity facility.

### What’s the scoop?
- **More HYPE Buying Power:** Hyperliquid Strategies (PURR) [expanded its equity facility](https://www.sec.gov/Archives/edgar/data/2078856/000119312526378589/purr-20260901.htm) from $1B to $2.5B. The facility lets HyperStrat sell newly issued PURR shares for cash, which it can then use to buy more HYPE. [CEO David Schamis](https://x.com/dschamis/status/2094911995015540754?s=46) said on Twitter the company is already close to reaching the original $1B limit.
- **Already Putting It to Work:** As of August 19, HyperStrat had [raised $646.6M](https://www.sec.gov/Archives/edgar/data/2078856/000119312526369668/purr-ex99_1.htm) through the facility and deployed $773.4M to purchase roughly 16.5M HYPE, bringing its total treasury to 29.3M HYPE.
- **PURR Performance:** PURR has also been ripping, hitting a [high over $14 last week](https://www.perplexity.ai/finance/PURR), up over 100% since the end of July.
- **Revenue Beyond HYPE Gains:** HyperStrat also puts its treasury to work, staking substantially all of its HYPE. So far in 2026, it's generated [$9.5M from staking](https://www.sec.gov/Archives/edgar/data/2078856/000119312526370281/purr-20260630.htm) and validator commissions, alongside $2.7M in interest income. Its much larger $305.5M net income was primarily driven by $709.9M in unrealized HYPE gains, rather than recurring revenue.

> Today we filed an 8K explaining the details of our updated equity facility.When we originally put this facility in place it had a headline of $1bn (which at the time seemed like an awful lot). We are now close to hitting the $1bn limit, so we have increased the agreement to… [pic.twitter.com/OsbcpogT67](https://t.co/OsbcpogT67)— David Schamis (@dschamis) [September 1, 2026](https://x.com/dschamis/status/2094911995015540754?ref_src=twsrc%5Etfw)