What is the difference between Hyperliquid Strategies Inc. and TON Strategy Co?

Hyperliquid Strategies Inc. and TON Strategy Co hold different amounts of Bitcoin in their treasuries. TON Strategy Co holds more BTC. Compare their total holdings, valuation, and treasury strategies.

Which entity holds more Bitcoin: Hyperliquid Strategies Inc. or TON Strategy Co?

TON Strategy Co holds more Bitcoin in their treasury with approximately 0 BTC compared to Hyperliquid Strategies Inc. with 0 BTC. Compare their treasury values and investment strategies.

Compare treasury holdings of Hyperliquid Strategies Inc. and TON Strategy Co

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

Treasury A

Treasury B

	Hyperliquid Strategies Inc.	TON Strategy Co
Total holdings	$2.39B	$272.44M
Type	Company	Company
Assets held	1 assets	1 assets

Holdings overview

BTC exposure and entity metadata.

	Hyperliquid Strategies Inc.	TON Strategy Co
Bitcoin holdings	0.00 BTC	0.00 BTC
Country	US	US
Recorded transactions	3	2

View Hyperliquid Strategies Inc.View TON Strategy Co

Portfolio breakdown

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

Asset	Hyperliquid Strategies Inc.	TON Strategy Co
Hyperliquid HYPE	29,275,085.00 $2.39B · 100.0%	—
The-open-network GRAM	—	219,709,826.00 $272.44M · 100.0%

Amount, USD value, and portfolio weight per asset.

Recent transactions

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

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

TON Strategy Co

Date	Asset	Type	Amount	Value (USD)	Source
2025-12-31	Gram (prev. Toncoin)	BUY	2,209,826.0000	$17,740,000	Source
2025-08-21	—	BUY	217,500,000.0000	$713,000,000	Source

Frequently asked questions

Answers about these treasuries and how holdings are calculated.

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.

What is TON Strategy Co?

TON Strategy Co 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.