Yes, the company's strategy does rely heavily on HYPE—that's no secret, and they make a point to note it in their filings. But it's not just "buy HYPE and hope it goes up" like some other crypto companies. They actively use their HYPE to make extra money in ways that don't depend only on the price rising: 1. Staking it to earn rewards (like interest). 2. Putting it into partnerships (e.g., with Kinetiq for liquid staking, or Native Markets). 3. Running options strategies (like covered calls) and vaults (recent one with Rysk in 2026) to collect fees and premiums—even if the price stays flat or dips a bit. 4. Teaming up on ecosystem stuff (e.g., Felix for trading equities on Hyperliquid) that brings in fees unrelated to HYPE's price swings. This is a high risk high reward play, but I personally think the potential rewards far outweigh the risks.

This is awesome! #Hyperliquid as one of the fastest-growing blockchains!

How do you account for the risks of dilution, leverage, and corporate actions in MSTR when comparing its performance to Bitcoin and to COIN — especially since its correlation to BTC isn’t perfect and can vary over different time frames?

I hear you. do you still feel the same way?

Ha, good one!

Shareholders Unite Interesting mention of using options as part of the strategy. For a small-cap like $ADUR, what kind of liquidity are you seeing in the options market? Seems like spreads could be pretty wide — curious how realistic those trades are in practice.

This didn't age well - #Bitcoin is now on the rebound.

Cool.

Fascinating read, and very exciting. Thank you.

Bitcoin is still the best of all the cryptos.