Hyperliquid Strategies Files S-1, Intends to Raise Up to $1 Billion, Possibly for Purchasing HYPE

Hyperliquid Strategies has filed an S-1 prospectus for its initial public offering (IPO), according to a U.S. Securities and Exchange Commission (SEC) filing. The company plans to raise up to $1 billion. The funds will be used for general corporate purposes, including potential purchases of HYPE tokens.