mNAV Returns Above 1, HYPE Treasury Company PURR Trades at Roughly 1.1% Premium to NAV

Odaily reports that HYPE treasury company Hyperliquid Strategies (PURR) has seen its market cap to net asset value multiple (mNAV) return above 1, currently at approximately 1.011, a premium of about 1.1% to net asset value. PURR is quoted at around $10.93, with net asset value per share of about $10.81, corresponding to a HYPE price of roughly $85.96. Today, ICE, the parent company of the New York Stock Exchange, plans to partner with Trade.xyz to bring perpetual contract products into the U.S. regulated market; HYPE's price rose and broke above $87.