HYPE Treasury's Hyperliquid Strategies approves $30 million stock buyback plan BlockBeats News: On December 8th, according to The Wall Street Journal, Hyperliquid Strategies Inc (NASDAQ: PURR) announced today that its board of directors has authorized a stock buyback program of up to $30 million to repurchase the company's outstanding common stock (with a face value of $0.01 per share). The stock repurchase plan is valid for 12 months. David Shamis, CEO of the company, stated, 'We are committed to creating maximum value for shareholders through prudent fund management strategies. Our primary goal is to enable investors to efficiently invest in HYPE, the dominant Hyperliquid ecosystem native token.'. We will utilize the company's cash to increase the HYPE exposure contained in shareholders' per share assets in the most efficient way possible. '' The repurchased stocks will be traded on the public market at market price, privately negotiated, or through other means in accordance with federal securities laws. The specific time, quantity, and amount of stock repurchases under the repurchase plan will be determined by the management at their discretion and depend on various factors, including the market price of HSI common stock, overall market and economic conditions, and applicable legal requirements. The company cannot guarantee the final number of shares to be repurchased, and the repurchase plan may be extended, suspended, or terminated at the company's discretion at any time without further notice.