Hyperliquid Launches PURR Stock Options Trading

Hyperliquid Strategies Inc announces the implementation of options trading for PURR stock on the Nasdaq Options Market to improve liquidity and price discovery.

According to the company, PURR provides effective capital exposure to the HYPE token, while the core strategy focuses on accumulating HYPE to optimize profits through staking and ecosystem participation.

CEO David Schamis stated that the launch of options helps investors better manage risk and capitalize on the rapid growth of the Hyperliquid ecosystem.

This move coincides with Hyperliquid experiencing strong growth, with open contracts on the HIP-3 perpetual markets related to tokenized traditional assets reaching a peak of $1.74 billion in just six months.

The company went public through a merger with Sonnet BioTherapeutics in December last year. As of early February 2026, Hyperliquid holds 17.6 million HYPE, representing approximately 1.83% of the supply.

Total assets at the end of 2025 reached $616.7 million, but the company reported a net loss of $317.9 million due to unrealized losses from HYPE price fluctuations.

HYPE price increased 7.37% in 24 hours to $40.25 and rose nearly 40% over the past 30 days, while PURR stock closed flat at $5.29.