Hyperliquid Strategies Inc. (NASDAQ: PURR) increased its stock repurchase program.
The program expanded from $30 million to $100 million.
The company also extended the program's termination date. The new date is October 31, 2027, from December 5, 2026.
Approximately $72 million remains available for repurchases under the authorization.
The digital asset treasury company states the board's decision reflects confidence in its long-term capital strategy.
The program allows share repurchases through various methods. These include open market and privately negotiated transactions. Management retains discretion over these transactions.