Back

Hyperliquid Treasury Gains $15M from Major Trader Liquidation

Hyperliquid’s HLP treasury earned a 5.8% return from liquidating a $700M Bitcoin long, driving APR to 110%, while retaining $230M in Ethereum long exposure.

BTC
ETH
HYPE

Summary

On Feb. 1, Hyperliquid’s HLP treasury earned approximately $15 million by liquidating a $700 million Bitcoin long held by an OG whale. This single event generated a 5.8% return for treasury depositors and elevated the annual percentage rate to about 110%. The treasury continues to hold $230 million in Ethereum long positions, maintaining significant bullish exposure.

Terms & Concepts
  • Liquidation: A forced closing of a trading position when the trader's margin falls below maintenance requirements.
  • Ethereum long position: A market position that benefits from an increase in Ethereum's price.
  • HLP treasury: The fund pool maintained by Hyperliquid’s liquidity provider program, used for market-making and trade execution.