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by: xpoolPosted on: August 20, 2025

Sonnet, Rorschach Partner to Create Massive Hyperliquid Token Treasury

Sonnet BioTherapeutics and Rorschach I LLC have joined forces with Atlas Merchant Capital affiliates to create Hyperliquid Strategies Inc. (HSI). This strategic move aims to establish one of the largest treasuries of the Hyperliquid protocol’s native token, HYPE. HSI will hold $888 million in HYPE tokens and cash, representing a significant step forward in the cryptocurrency market.

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  4. Hyperliquid Surpasses Circle in 24-Hour Revenue: Shifting DeFi Dynamics
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