What is the difference between Gemini Space Station and Hyperliquid Strategies Inc.?

Gemini Space Station and Hyperliquid Strategies Inc. hold different amounts of Bitcoin in their treasuries. Gemini Space Station holds more BTC. Compare their total holdings, valuation, and treasury strategies.

Which entity holds more Bitcoin: Gemini Space Station or Hyperliquid Strategies Inc.?

Gemini Space Station holds more Bitcoin in their treasury with approximately 4,827 BTC compared to Hyperliquid Strategies Inc. with 0 BTC. Compare their treasury values and investment strategies.

Compare treasury holdings of Gemini Space Station and Hyperliquid Strategies Inc.

Institutional crypto holdings — total value and allocation side by side.

Treasury A

Treasury B

	Gemini Space Station	Hyperliquid Strategies Inc.
Total holdings	$398.75M	$2.39B
Type	Company	Company
Assets held	2 assets	1 assets

Holdings overview

BTC exposure and entity metadata.

	Gemini Space Station	Hyperliquid Strategies Inc.
Bitcoin holdings	4,827 BTC	0.00 BTC
Country	US	US
Recorded transactions	6	3

View Gemini Space Station View Hyperliquid Strategies Inc.

Portfolio breakdown

Holdings amounts, values, and allocation percentages in one view.

Asset	Gemini Space Station	Hyperliquid Strategies Inc.
Bitcoin BTC	4,827.00 $392.28M · 98.4%	—
Ethereum ETH	2,741.00 $6.47M · 1.6%	—
Hyperliquid HYPE	—	29,275,085.00 $2.39B · 100.0%

Amount, USD value, and portfolio weight per asset.

Recent transactions

Latest buys, sells, and balance changes — same layout as treasury detail pages.

Gemini Space Station

Date	Asset	Type	Amount	Value (USD)	Source
2025-12-31	Bitcoin	SELL	-477.0000	$0	Source
2025-12-31	Ethereum	SELL	-8,393.0000	$0	Source
2025-11-10	Bitcoin	BUY	1,300.0000	$157,268,000	Source
2025-11-10	Ethereum	BUY	690.0000	$21,707,000	Source
2025-06-30	Bitcoin	BUY	4,002.0000	$106,478,000	Source
2025-06-30	Ethereum	BUY	10,444.0000	$24,640,000	Source

Hyperliquid Strategies Inc.

Date	Asset	Type	Amount	Value (USD)	Source
2026-08-27	Hyperliquid	BUY	11,675,085.0000	$638,233,525	Source
2026-02-11	Hyperliquid	BUY	17,600,000.0000	$129,500,000	Source
2025-12-02	Hyperliquid	BUY	12,500,000.0000	$0	Source

Frequently asked questions

Answers about these treasuries and how holdings are calculated.

What is Gemini Space Station?

Gemini Space Station is an entity (company, institution, or government) that holds cryptocurrency as part of its treasury reserves or investment strategy.

What is Hyperliquid Strategies Inc.?

Hyperliquid Strategies Inc. is an entity (company, institution, or government) that holds cryptocurrency as part of its treasury reserves or investment strategy.

Why do companies hold Bitcoin in treasury?

Companies hold Bitcoin for various reasons: as a hedge against inflation, to diversify treasury reserves, for potential appreciation, or as part of their business strategy.

How are treasury holdings tracked?

Treasury holdings are tracked through public disclosures, SEC filings, press releases, and blockchain analytics. Public companies must disclose material holdings.

How is total holdings value calculated?

Total holdings value is calculated by multiplying the amount of cryptocurrency held by its current market price. Values update in real-time based on market prices.