ChainThink report, according to The Block, Nasdaq-listed HYPE token treasury company Hyperliquid Strategies Inc. (ticker: PURR) has released its third-quarter financial results as of March 31, reporting cumulative net losses of $165.4 million over the past nine months.

The losses are primarily composed of three components: $64 million in unrealized losses on HYPE tokens, a one-time write-down of $35.6 million stemming from the acquisition of the former Sonnet BioTherapeutics business, and a $60.5 million increase in deferred tax liabilities.

Since its inception in December 2025, the company has invested a total of $216 million to acquire approximately 7.3 million HYPE tokens, with current holdings totaling around 20 million HYPE;

Additionally, it has allocated $10.5 million to repurchase roughly 3 million shares of PURR, while retaining $103 million in cash for future deployment. Quarterly staking revenue reached $2.6 million, interest income amounted to $1 million, and operating expenses totaled $7.2 million.