New York, October 23rd / PRNewswire / -- Hyperliquid Strategies Inc (Nasdaq ticker: PURR) ("HSI" or "the Company") announced today that the board of directors has authorized an increase in the previously announced stock repurchase plan from $30 million to a maximum of $100 million. Of this amount, approximately $72 million is still available under the increased authorization, and the termination date of the plan has been extended from December 5, 2026, to October 31, 2027.

The company stated that the increase in the scale of the repurchase plan reflects the board of directors' confidence in the company's long-term capital strategy, and it also provides flexibility for the company to repurchase PURR shares within a broader treasury management framework.

According to this plan, the company may repurchase shares from time to time through public market transactions at the prevailing market prices, or through private negotiated transactions or other methods, all of which must comply with federal securities laws. The actual timing, quantity, and amount of the repurchases will be determined at the discretion of management and depend on various factors, including the market price of HSI common stock, the overall market and economic conditions, as well as applicable legal requirements. The company does not guarantee the number of shares that will be repurchased and may decide at any time, without prior notice, to extend, suspend, or terminate this repurchase plan.

About Hyperliquid Strategies Inc

Hyperliquid Strategies Inc (Nasdaq ticker: PURR) is a digital asset treasury company whose main goal is to maximize shareholder value by accumulating HYPE. HYPE is the native token of Hyperliquid, while Hyperliquid is a high-performance blockchain tailored for carrying financial services. HSI is designed to provide American and institutional investors with more capital-efficient and yield-generating HYPE token exposures. By leveraging staking, yield optimization, and active participation in the ecosystem, it creates compound shareholder returns that individual holders may not be able to replicate. HSI is currently the largest digital asset treasury tool focused on HYPE. With the rapid growth of Hyperliquid, it provides exposure to one of the largest and fastest-growing revenue pools in the digital assets sector. For more information, please visit www.hypestrat.xyz.

Forward-looking Statements

This press release contains certain statements that are not historical facts and constitute forward-looking statements as defined by the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those regarding the company's business, strategy, and future plans, as well as the company's possible repurchase of its common stock. Forward-looking statements can typically be identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "strategies," "future," "opportunities," "potential," "plans," "may," "should," "will," "shall," "will continue," and "is likely to result in." Forward-looking statements are predictions, inferences, and other statements about future events or circumstances based on current expectations and assumptions, and therefore involve risks and uncertainties that could lead to significant differences between actual results and expected results.These risks and uncertainties include, but are not limited to: whether HSI will be able to repurchase its common shares from the public market from time to time through its stock repurchase plan, through private negotiated transactions, or by other means; changes in the business, market, financial, political, and regulatory environments; risks related to the operations and business of HSI, including high volatility in the price of HYPE tokens; the risk that the stock price of HSI may be highly correlated with the price of HYPE tokens, and the possibility that the price of HYPE tokens may fall; the risk of increased competition in the industry in which HSI operates; significant legal, business, regulatory, and technical uncertainties related to HYPE tokens; risks associated with the tax treatment of crypto assets in the United States and overseas; the risk of encountering difficulties in managing growth and expanding operations; challenges faced by HSI in implementing its business plan (including financial and consulting services related to HYPE tokens) due to operational challenges, fierce competition, and regulation; as well as factors discussed in the 10-K annual report submitted to the U.S. Securities and Exchange Commission (SEC) on August 27, 2026, and in subsequent documents and reports submitted from time to time. Although HSI may choose to update these forward-looking statements in the future, the company explicitly states that it has no obligation to do so.