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Posted by
Two Blokes Jul 14 -
Filed in
Crypto
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TL;DR Sonnet will merge its business with Rorschach I LLC to form Hyperliquid Strategies Inc., a publicly traded company that will manage one of the largest public HYPE token reserves. The deal includes $305 million in cash and 12.6 million HYPE tokens, backed by investors such as Paradigm, Pantera, and Galaxy Digital.
