HYPE treasury company PURR's mNAV returns to 1, trading at a premium of about 1.1% to its net asset value of holdings.

BlockBeats news, October 29 — The market cap net asset value multiple (mNAV) of HYPE treasury company Hyperliquid Strategies (PURR) has returned above 1. According to data from the BIT stock platform, its mNAV is currently approximately 1.011, a premium of about 1.1% relative to net asset value, with PURR at about $10.93, up more than 10% in pre-market trading, net asset value per share at about $10.81, corresponding to HYPE at about $85.96.

Today, as ICE, the parent company of the New York Stock Exchange, plans to partner with Trade.xyz to bring perpetual contract products into the U.S. regulated market, HYPE has continued to rally, briefly breaking above $87.