Hyperliquid Strategies Inc Announces Increase of Stock Repurchase Program to $100 Million (Form 8-K)

Hyperliquid Strategies Inc Announces
Increase of Stock Repurchase Program to $100 Million

New York, New York, October 23, 2026 - Hyperliquid Strategies Inc (NASDAQ: PURR) ("HSI" or the "Company"), the premier digital asset treasury platform focused on the Hyperliquid ecosystem, today announced that its Board of Directors has authorized an increase to its previously announced stock repurchase program from $30 million to up to $100 million (of which approximately $72 million remains available under the increased authorization) and extended the termination date of the program from December 5, 2026 to October 31, 2027.

The increase in the program reflects the Board's confidence in the Company's long-term capital strategy and provides flexibility to buy back PURR shares as part of the Company's broader treasury management framework.

Shares may be repurchased under the program from time to time in open market transactions at prevailing market prices, in privately negotiated transactions or by other means in accordance with federal securities laws. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of HSI's common stock, general market and economic conditions and applicable legal requirements. There is no guarantee as to the number of shares that will be repurchased, and the repurchase program may be extended, suspended or discontinued at any time without prior notice at the Company's discretion.

About Hyperliquid Strategies Inc

Hyperliquid Strategies Inc (NASDAQ: PURR) is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain custom-built to house all of finance. HSI aims to provide capital-efficient and productive access to the HYPE token for U.S. and institutional investors, generating compounding shareholder returns that individual holders may not be able to replicate through staking, yield optimization, and active ecosystem engagement. HSI is currently the largest HYPE-focused digital asset treasury vehicle capitalizing on Hyperliquid's rapid growth and providing exposure to one of the largest and fastest growing revenue pools in digital assets. For more information, please visit www.hypestrat.xyz.