Wyoming discloses indirect HYPE exposure in Q2 filing

In its second-quarter 13F filing, the State of Wyoming disclosed an indirect investment in the HYPE token ecosystem through Hyperliquid Strategies ($PURR). The filing indicates that the state does not hold HYPE tokens directly on its balance sheet, but instead gains exposure by holding shares in Hyperliquid Strategies, a vehicle linked to the Hyperliquid decentralized perpetual futures exchange.

This move is part of Wyoming's ongoing efforts to engage with blockchain technology and digital asset infrastructure. The state is recognized for its crypto-friendly policies, which include initiatives such as the state-backed FRNT stablecoin. The disclosure highlights a trend of public institutions seeking exposure to digital asset-linked companies through traditional equity holdings.