Druckenmiller's Duquesne Buys $23.1M Stake in HYPE-Focused Hyperliquid Strategies

The second-quarter 13F that Duquesne Family Office filed with the SEC on EDGAR shows founder Stanley Druckenmiller bought 2.9 million shares of Hyperliquid Strategies (PURR) valued at $23.1 million, building indirect exposure to Hyperliquid (HYPE). Hyperliquid Strategies, which describes itself as the largest HYPE-focused digital asset custody company, aims to give U.S. and institutional investors capital-efficient access to the token through staking, yield optimization and active ecosystem participation. The structure is built around compounding returns for shareholders, marketed as a way to capture HYPE upside without the operational burden of running validators or staking infrastructure directly. In the same report, Duquesne disclosed a 4.1 million-share position in Bitdeer Technologies Group (BTDR), an ASIC mining hardware and data center operator, bought at an average price of $12.26 per share for more than $64.7 million. Bitdeer’s latest quarterly report showed narrower sequential net and gross losses, and the company has finalized a 16-year, $4.7 billion artificial-intelligence project for a 121MW facility at Tydal, Norway. It has also broken ground in Nevada ahead of planned production of 10,000 Sealminer units per month starting next year. The project pipeline has made BTDR one of the more closely watched AI and digital asset names this quarter. Druckenmiller’s allocations mirror a broader institutional rotation into digital assets: Jane Street and Citadel both expanded their BTDR holdings during the quarter, and Jane Street’s stake now exceeds $112 million. Hedge fund tracking data shows BlackRock, State Street and Citadel also added PURR exposure in the same period. The 13F snapshot is dated June 30, meaning the PURR stake was built before the latest CFTC-related headlines accelerated HYPE’s rally; the timing suggests Duquesne added exposure before the breakout rather than entering after it. The disclosure arrives as HYPE trades near record highs and as Washington moves closer to clarifying Hyperliquid’s regulatory status.

HYPE, the native token of the Hyperliquid decentralized exchange, crossed $80 for the first time on Aug. 22, reaching $81.43 before giving back some of the gain, market data shows. The surge builds on a rally that began Aug. 19, when President Donald Trump said CFTC Chairman Mike Selig is working to bring Hyperliquid into the United States in a fully compliant and legal way. After that statement, HYPE jumped roughly 20% on Aug. 20, set a new all-time high on Aug. 21, and then sliced through the $80 psychological level the following day. Chart data shows the token spent much of mid-2026 in a corrective phase before accelerating sharply higher in August. The breakout has made HYPE one of the session’s standout altcoin performers, with the move coming on above-average volume. Hyperliquid operates an order-book based decentralized exchange for a range of assets and commodities; its U.S. market ambitions have been a key narrative for the token throughout August. The CFTC-related headlines also lifted PURR, the Hyperliquid Strategies ticker that Druckenmiller bought in the second quarter; that instrument rose more than 20% after the announcement. While HYPE’s direct rally has been driven largely by derivatives trading, the sustained bid suggests market participants are beginning to price in a formal U.S. entry for the protocol. The path from the $80 breakout to a fresh record in less than three days highlights how quickly sentiment has shifted toward regulatory optimism. For traders, the next question is whether the token can hold above the breakout zone and build on the momentum, or whether profit-taking around the record caps the advance.

COINOTAG’s proprietary 42-indicator composite S/R scoring engine puts spot HYPE at $78.03, up 4.92% on the day. Immediate resistance at $81.4067 is rated 71/100 on a confluence of the Fibo 0.000 retracement, Donchian upper band, R2 pivot and ATR upper band, while support at $77.7195 scores 60/100, underpinned by Fibonacci 0.114 and a MACD cross. Derivatives data show perp funding at a moderate 0.0104% and open interest near $2.18 billion, suggesting leveraged longs are not yet overcrowded. The Fear & Greed Index at 71/100 (Greed) and an RSI of 79.16 warn of stretched conditions, but MACD remains bullish. The bullish scenario needs a daily close above $81.4067 to open a run toward $93.97; losing the $77.7195 support would invalidate that setup and shift focus toward the bear-market reversal zone at $73.6056.