HYLQ Strategy Corp.

HYLQ Strategy Corp., a micro-cap listed on the Canadian Securities Exchange, is a niche vehicle focused on accumulating HyperLiquid's HYPE token. The company rebranded in 2025 and now holds over 25,000 HYPE tokens, with its latest acquisition being 5,000 HYPE at ~$37 each.

Though small, HYLQ was an early mover, positioning itself ahead of larger players like Sonnet or Lion Group. CEO Matt Zahab has described the firm as a "DeFi treasury pioneer," offering retail investors exposure to a rising DeFi protocol through equity markets. The company aims to keep building its stake slowly over time.