Hyperliquid Strategies Inc. is a publicly listed digital asset treasury company focused on accumulating HYPE, the native token of the Hyperliquid blockchain. The company aims to provide efficient access to the HYPE token for investors and generate compounding shareholder returns through staking, yield optimization, and active ecosystem engagement. It was formed through a business combination involving Sonnet BioTherapeutics Holdings, Inc. and Rorschach I LLC.