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![Cointelegraph Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::2207129125.png) Cointelegraph [@Cointelegraph](/creator/twitter/Cointelegraph) on x 2.8M followers
Created: 2025-07-14 11:49:09 UTC

🔥 TODAY: Nasdaq-listed Sonnet to merge with Rorschach I to form Hyperliquid Strategies Inc.

A crypto firm valued at $888M, backed by Paradigm and Galaxy, holding 12.6M $HYPE and $305M in cash.

![](https://pbs.twimg.com/media/Gv0N1WkWEAAdCJ6.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944725853935403310/c:line.svg)

**Related Topics**
[$305m](/topic/$305m)
[$888m](/topic/$888m)
[hyperliquid](/topic/hyperliquid)
[$hype](/topic/$hype)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/Cointelegraph/status/1944725853935403310)