Duquesne takes $23M stake in HYPE treasury firm

• Duquesne Family Office disclosed a $23 million stake in Hyperliquid Strategies.
• The Nasdaq-listed company holds millions of HYPE tokens as part of its treasury strategy.
• The filing gives Duquesne indirect exposure to HYPE through US-listed shares.

Duquesne Family Office disclosed a $23 million stake in Hyperliquid Strategies, giving it indirect HYPE exposure.

The second-quarter filing showed Duquesne held the position at 30 June, marking a new portfolio holding.

The filing does not show whether Duquesne bought the shares in one transaction or across several purchases.

Hyperliquid Strategies held about 23.7 million HYPE (CRYPTO:HYPE) tokens in June, according to Artemis data.

HYPE reached about $73.70 on 1 June after rising more than 70% over the previous month.

The company had previously bought 5 million HYPE for about $129.5 million at an average $25.90 per token.

Following the disclosure, Hyperliquid Strategies shares were recently trading around $6.81, based on available market data.