Canada's HOOPP discloses $35M stake in Hyperliquid Strategies

Canadian pension fund Healthcare of Ontario Pension Plan (HOOPP) has disclosed a new position in Hyperliquid Strategies (Nasdaq: PURR), a public company that holds HYPE tokens in its treasury. According to a 13F filed with the SEC on November 13, the fund held 2,879,300 shares worth $35.33M as of September 30.

Details

The figures come from the Q3 13F information table: issuer HYPERLIQUID STRATEGIES INC, common stock, sole voting authority. The Q2 filing shows no such position, so the stake was built during the third quarter. A 13F values holdings at quarter-end prices, so the stake's current worth may differ. ForkLog reported it first.

Hyperliquid Strategies accumulates HYPE and earns staking income. As we reported, it held 38.52M HYPE on September 30 and recently applied to the CFTC for FCM status.

What it means for the market

A 13F only lists US-listed holdings at quarter-end; it doesn't show what the fund paid or whether it still holds the shares. Still, large pension funds are reaching crypto through treasury-company stocks, and that exposure now extends beyond bitcoin to HYPE. More on the token on the Hyperliquid page. This is not investment advice.