Goldman Sachs disclosed a $3.3 million position in Hyperliquid Strategies Inc. (NASDAQ: PURR) for the first quarter of 2026. The investment bank acquired 654,630 shares during the period. This move provides institutional validation for PURR’s strategy of holding and staking the native HYPE token.
The HYPE token rallied 20% to approximately $58 following record spot ETF inflows. The asset decoupled from the broader market as Bitcoin fell 0.76% and Ethereum dropped 0.35%. PURR shares jumped over 13% within 24 hours to trade at $8.59.