Hyperliquid Strategies (NASDAQ: PURR), the largest publicly traded corporate holder of HYPE, announced that its subsidiary has applied for registration as a US Futures Commission Merchant (FCM). Upon approval, the company plans to offer perpetual contract trading services to US clients under Hyperliquid's HIP-3 framework. The company also reported a net income of $620.6 million for the third quarter ended September 30, driven primarily by $803 million in unrealized gains on its HYPE holdings. During the quarter, it raised $911 million in equity capital and spent $785 million to acquire approximately 9.1 million HYPE tokens. As of October 28, its total holdings reached approximately 38.9 million HYPE tokens, with an average cost of $56.35 per token.