According to CoinMeta, Hyperliquid Strategies reported that its holdings of HYPE have doubled from an initial 12.5 million to approximately 29.3 million, with a holding value of around $1.9 billion based on the end-of-fiscal-year price on June 30. The company stated in its financial report that the increase in holdings of HYPE was accompanied by $647 million in equity financing, and cash and cash equivalents reached $149.9 million. Hyperliquid Strategies also mentioned that nearly all HYPE tokens have been pledged and are generating income. CEO David Schamis noted that the past year has been a year for the company to build its platform.