Stanley Druckenmiller Just Bought a Company That Holds Hyperliquid. Should You?
This move implies that a new category of investors is now taking interest in Hyperliquid.
Overview
On Aug. 14, Stanley Druckenmiller's Duquesne Family Office disclosed a new $23.2 million stake in Hyperliquid Strategies (NASDAQ: PURR), a digital asset treasury (DAT) company whose only line of business is accumulating Hyperliquid (CRYPTO: HYPE), the native token of the most popular decentralized on-chain exchange for derivatives. The stake is worth just a little over 0.4% of Duquesne's reported holdings.
Details
When a legendary macro investor like Druckenmiller invests, there's probably some meat on the bone of the bull thesis. Let's dig into why Druckenmiller took an interest in the treasury company, and why it likely also means he has an interest in Hyperliquid.
Source
Originally published at www.fool.com.