Hyperliquid Strategies expanded its equity facility to $2.5B, but dated filings show only about $236M of room before a new Nasdaq dilution constraint matters.

After $1B in total sales, discounted shares could hit the exchange cap and force a shareholder vote.

https://cryptoslate.com/hyperliquid-treasury-company-increases-token-buying-strategy-to-2-5-billion-as-shares-run-out/

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