Wallet addresses released by Bitwise Asset Management show the firm has accumulated about $19.78 million in Hyperliquid’s HYPE token and staked the entire holding.
Bitwise Asset Management disclosed ETF wallet addresses that indicate continued accumulation of Hyperliquid’s HYPE token. According to the provided information, the firm has acquired about $19.78 million worth of HYPE and has staked the full position using staking (locking crypto to earn rewards). The source also states the holding is showing about $2.4 million in unrealized profit on paper. The disclosure gives market participants a direct on-chain view of the position, which is notable because wallet transparency can help investors track digital asset exposure in near real time.