Hyperliquid Strategies is trading 4.1% higher at $9.45, amid a stronger U.S. equity session. - The S&P 500 is up 0.58%, while the Nasdaq Composite is up 1.05%. - Bitcoin and Ethereum are up 0.60% and 0.77%, respectively, since the prior close, so crypto gains are modest. - A recent company announcement expanded the share-repurchase authorization to $100 million, with about $72 million available. Announced October 23, it is not confirmed as today’s direct catalyst.