Corporate Crypto Treasuries Raise Capital as Firms Split on Bitcoin, HYPE and SOL

Hyperliquid Strategies expands HYPE funding capacity

Hyperliquid Strategies said on September 2, 2026, that it increased its equity facility with Chardan Capital Markets from $1 billion to $2.5 billion, expanding the maximum amount it can potentially raise through sales of newly issued common shares.

The company said in its Tuesday filing with the U.S. Securities and Exchange Commission that it amended its October 2025 Chardan Equity Facility purchase agreement to increase the aggregate gross purchase price available for new shares. The arrangement allows Hyperliquid Strategies to periodically direct Chardan, a New York-based investment bank and broker-dealer, to buy shares subject to pricing, trading-volume and other conditions. Chardan can then resell those shares into the public market.

The $2.5 billion figure represents maximum financing capacity rather than cash already raised. Hyperliquid Strategies had previously raised $647 million through the facility and expanded its treasury to about 29.3 million HYPE tokens. Using more of the facility would require additional share issuance and could dilute existing shareholders.

HYPE rose more than 20% during August after U.S. President Donald Trump said Commodity Futures Trading Commission Chair Michael Selig was working to bring the decentralized trading platform into the United States “in a fully compliant and legal fashion.” Hyperliquid Strategies shares rose 30.4% following Trump’s remarks. Hyperliquid Strategies says it is independent and is not affiliated with Hyperliquid despite sharing the protocol’s name and holding its native token.

Remixpoint exits altcoins and concentrates on Bitcoin

Remixpoint disclosed on September 2, 2026, that it had sold its entire ETH, SOL, XRP and DOGE portfolio on September 1, leaving Bitcoin as the Japan-listed company’s only cryptocurrency holding.

The four sales produced combined proceeds of ¥878.8 million, or $5.5 million, against a combined book value of ¥761 million. Remixpoint therefore recorded an aggregate realized gain of ¥117.8 million, or approximately $737,000. The company said it made the decision after considering market conditions, the assets’ risk-return characteristics and its financial strategy.

Remixpoint now owns approximately 1,506 BTC valued at around $115.3 million. The company said concentrating its crypto portfolio around Bitcoin would clarify its investment strategy and improve capital efficiency.

Remixpoint has also been generating returns by lending Bitcoin. The company said it earned 14.92 BTC in lending fees between February 24 and August 31, 2026, valued at ¥164.2 million, or $1 million, using the applicable month-end exchange rates.

The company said it is considering using proceeds from the altcoin sales to expand assets in growth areas including grid-scale battery storage, strengthen its financial position and pursue other measures aimed at increasing corporate and shareholder value. Remixpoint shares closed 5% lower in Tokyo on September 2.

DeFi Development Corp. seeks preferred-stock funding for SOL

DeFi Development Corp. launched a preferred-stock offering on September 1, 2026, that could raise $19.8 million, with CEO Joseph Onorati saying the Nasdaq-listed company expects to use most of the proceeds to acquire additional SOL.

The company, listed under ticker DFDV, is offering 2.2 million shares of Variable Rate Series C Perpetual Preferred Stock at $9 each and has applied to list the preferred shares under ticker CHAD. The preliminary prospectus identifies working capital, SOL and other digital-asset investments, strategic transactions and growth initiatives as possible uses of proceeds.

Onorati said, “Intended use of proceeds are outlined in the prospectus, but we expect to buy SOL with most of the proceeds.”

DFDV had announced on August 27, 2026, that it acquired approximately 19,000 SOL at an average price of $98.14. The purchase raised its treasury to about 2,333,432 SOL and SOL equivalents, valued at approximately $236 million at the prices cited. The company wrote, “Let the $SOL accumulation resume!”

Proceeds from the sale of DFDV’s ZeroStack position partially financed that purchase. The company plans to retain SOL as a long-term treasury asset while deploying it through staking and on-chain infrastructure.

DFDV operates its own Solana validators, which allow it to earn staking rewards and fees from delegated tokens, and it also participates in decentralized-finance projects built on Solana. Onorati said DFDV is designed to provide shareholders with leveraged exposure to SOL through a combination of trading liquidity, token holdings and staking income.

“Our equity has become one of the most liquid ways to express that view within the SOL DAT category, while our treasury continues to generate differentiated organic yield,” Onorati said. “When SOL performs well, we believe DFDV has the potential to amplify that performance.”

DFDV said SOL had outperformed the Nasdaq-100 by 33% quarter-to-date, while DFDV shares had outperformed SOL by 1.8 times. The company also said its returns were more than double SOL’s month-to-date performance and 1.8 times SOL’s quarter-to-date return, attributing the results to leveraged exposure, trading liquidity and treasury yield.

The company said it recorded the highest absolute dollar trading volume in its SOL digital-asset-treasury category on several days during the referenced week and also led the category in trading volume as a percentage of market capitalization. Completing the preferred-stock offering would provide additional capital for continued SOL accumulation.