THE BLOCK: Hyperliquid Strategies reported raising $647M in equity capital and more than doubling its hyperliquid:native treasury to 29.3M tokens, valued at roughly $1.9B at the end of its fiscal year, while maintaining $149.9M in cash and no debt. The company said it has since deployed $773.4M to acquire about 16.5M additional HYPE at an average cost of $46.77 and spent $27.8M repurchasing PURR shares, leaving $132.6M in cash as of Aug. 19. PURR(The Block)