Major Company Adopts Hyperliquid (HYPE) in $888 Million Crypto Treasury Strategy
Hyperliquid (HYPE) continues its upward trajectory as institutional adoption accelerates. Sonnet BioTherapeutics, a Nasdaq-listed firm, announced a strategic pivot to build a crypto treasury centered on HYPE, committing $583 million to the token and $888 million total to the ecosystem.
The token surged 22% this week, reaching a record $49 amid growing corporate interest. Paradigm Operations, Galaxy Digital, and other major crypto investors are participating in the newly formed Hyperliquid Strategies entity.
This institutional endorsement follows a month of increasing HYPE adoption, with multiple enterprises integrating the token into their financial frameworks. Market data shows sustained bullish momentum, with 1.5% hourly gains accompanying the all-time high.
