Bitwise bought 77,097 HYPE tokens on June 15. The purchase was valued at about $5.18 million and was executed through prime broker FalconX.
The Transaction
Bitwise acquired 77,097 HYPE tokens in a single trade on June 15. The cost came to roughly $5.18 million. FalconX, a prime broker, handled the execution. Neither the exact time of the trade nor the price per token were disclosed.
A Notable Investment
The purchase size is significant. It's one of the larger single-token buys by Bitwise so far. The firm has not explained why it chose HYPE or what it plans to do with the tokens.
What Happens Next
Bitwise hasn't released any further statement. The HYPE tokens now sit in its portfolio. Whether the firm will hold, trade, or use them in its products remains an open question.
