Hyperliquid Strategies Expands Chardan Equity Facility to $2.5 Billion

Hyperliquid Strategies has increased its equity facility with Chardan Capital Markets from $1 billion to $2.5 billion, expanding its capacity to raise capital through share sales for its HYPE-focused treasury strategy. In a Tuesday filing with the US Securities and Exchange Commission, the company said it amended its October 2025 Chardan Equity Facility purchase agreement to raise the aggregate gross purchase price of newly issued common shares. According to Cointelegraph, the agreement allows Hyperliquid Strategies to periodically direct Chardan, a New York-based investment bank and broker-dealer, to purchase shares subject to pricing, trading volume, and other conditions, after which Chardan may resell the shares in the public market. The company said the larger facility provides more potential funding, but any use of it would issue additional shares and could dilute existing shareholders. The $2.5 billion figure represents maximum capacity rather than funds already raised. Hyperliquid Strategies previously reported raising $647 million through the facility and expanding its treasury to about 29.3 million HYPE tokens. The expansion comes amid renewed market interest in Hyperliquid. HYPE jumped more than 20% in August after U.S. President Donald Trump said Commodity Futures Trading Commission Chair Michael Selig was working to bring the decentralized trading platform into the US “in a fully compliant and legal fashion.” Hyperliquid Strategies shares rose 30.4% following Trump’s remarks. Despite sharing the protocol’s name and holding its native token, the company says it is independent and not affiliated with Hyperliquid.