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HYLQ Strategy Completes HYPE Token Monetization, Realizes Over US$3 Million in Gains

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HYLQ Strategy (HYLQ.CN) has sold 54,461 HYPE tokens for US$3.36 million as part of its "active treasury management strategy," the company said late Tuesday.

The HYPE tokens were sold at an average sale price of US$61.76 per HYPE, an approximate 62% gain relative to the company's average acquisition cost, said the company.

HYLQ Strategy has now completed the monetization of its HYPE treasury position, selling approximately 104,461 HYPE tokens for aggregate gross proceeds of approximately US$7.04 million, which also includes an earlier announced sale which was completed on June 16, stated the company.

The transactions generated an approximate 77% return, resulting in realized gains of more than US$3 million, based on the company's average acquisition cost, HYLQ said.

The company plans to evaluate a broad range of investment opportunities for the proceeds, it added.

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