Nasdaq-listed treasury company Hyperliquid Strategies has disclosed its fiscal Q3 filings, revealing it currently holds approximately 20 million HYPE tokens. Since its establishment in December 2025, the company has invested $216 million to purchase around 7.3 million HYPE tokens and retained $103 million in cash for future treasury deployments, buybacks, and other corporate expenses. For the nine months ending March 31, the company reported a net loss of $165.4 million, primarily due to an unrealized net loss of $64 million from HYPE tokens, a one-time $35.6 million impairment related to the acquisition of Sonnet's legacy business, and an increase in deferred tax expenses of $60.5 million. The company earned $2.6 million in staking income and $1 million in interest income during the three months ending March 31. (The Block) https://(wublock123.com)/news/hyperliquid-nine-month-net-loss-165m-usd-60723