Hyperliquid Strategies Inc (NASDAQ:PURR) shares surged this week after President Donald Trump signaled support for bringing the Hyperliquid exchange into the U.S. under a compliant regulatory structure.
- Hyperliquid Strategies stock is charging ahead with explosive momentum. Why is PURR stock surging?
Trump Comments on Hyperliquid Spark Rally
Crypto markets were already having a standout day heading into Wednesday afternoon, and that strength has carried into Thursday, with Bitcoin (CRYPTO:BTC) touching levels not seen since June ahead of a scheduled sit-down between Trump and executives from the industry.
On Wednesday afternoon, Trump mentioned Hyperliquid in a White House speech, which sent shares soaring.
Hyperliquid is the platform that helped popularize high-leverage perpetual futures contracts and has become a magnet for traders looking for swap-like exposure without an expiration date, according to CNBC.
“I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion,” Trump said, referring to CFTC chair Mike Selig.
The market reaction was immediate. Hyperliquid Strategies, the treasury vehicle that holds a stockpile of HYPE tokens, saw its stock leap 30% ahead of the close, stretching its 2026 gain past 163%. HYPE tokens themselves climbed 18%, nearing all-time highs in the process. That strength has continued into Thursday, with PURR stock reaching $10.06 at the highs of the session.
Speaking on a call once markets closed, Hyperliquid Strategies CEO David Schamis said the company had spent considerable time already pursuing U.S. market access and found the CFTC willing to engage, but noted that having the president raise it publicly instantly moves the topic higher on the priority list.
Druckenmiller Discloses New PURR Stake
Trump’s remarks weren’t the only reason Hyperliquid Strategies found itself back in the spotlight this week. A 13F filing revealed that Stanley Druckenmiller’s Duquesne Family Office owned 2.94 million PURR shares as of the end of June, a $23.15 million position marking the fund’s first-ever disclosed stake in the company.
That holding represented a small slice, about 0.44%, of Duquesne’s total reported book, which ballooned from $3.38 billion spread across 70 names to $5.21 billion across 95 during the quarter.
PURR Shares Climb
PURR Price Action: Hyperliquid shares were up 2.46% at $9.63 at the time of publication on Thursday, according to Benzinga Pro.
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