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

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, mNAV currently stands at approximately 1.011, a premium of about 1.1% to net asset value, with PURR trading at around $10.93, net asset value per share at about $10.81, corresponding to HYPE at approximately $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 US regulated markets, HYPE has continued to rally, breaking above $87.