Bonnet BioTherapeutics and Rorschach I LLC merge into Hyperliquid Strategies

Crypto 7x24

2025-07-14 20:20:30

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Online reports that Sonnet BioTherapeutics, Inc. Has agreed to merge with Rorschach I LLC to become Hyperliquid Strategies, Inc., The company will launch a HYPE reserve strategy. After the transaction is completed, the new entity is expected to hold 12.6 million HYPE tokens and US$305 million in cash, with a total valuation of US$888 million.

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