Hyperliquid Strategies Defies Market With 356M Profit as Rivals Sink

Why Hyperliquid Strategies Remains Profitable Today as Rivals Sink

The digital finance world is seeing a major split in how big crypto treasuries are performing. While most projects are struggling to stay profitable, Hyperliquid Strategies has become a rare success story in early 2026. According to new data from Artemis, the Hyperliquid Strategies Digital Asset Treasury (DAT) often linked to the $PURR token is currently holding a massive $356.6 million in unrealized gains. This is a huge deal because nearly every other large crypto treasury is currently "underwater," meaning they are sitting on significant losses.

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The numbers show a giant gap between $PURR and its biggest competitors. While Hyperliquid Strategies is in the green, a project called Bitmine is currently dealing with a shocking loss of over $7.5 billion. Other well-known products, such as those from "Strategy" and "Twenty One Capital," are also reporting billions of dollars in losses. This happens because many of these groups bought their crypto at much higher prices than what the market is worth today.

Decoding the Success of Hyperliquid Strategies in 2026

Why is Hyperliquid Strategies doing so well while others fail? The answer lies in how the project is built. It runs on its own specialized blockchain, known as an "L1". Because it owns the platform where the trading happens, it can move money faster and more cheaply than older systems. This speed allows the $PURR treasury to protect its profits even when the rest of the market starts to drop.

The "Clarity Act" and Whale Activity

This profit comes at a very important time. The crypto market is currently waiting for a big government decision called the "Clarity Act", which is due on March 1st. Because of this, "whales" investors who move huge amounts of money are very active. In just one 12-hour period, there were over 14,686 Bitcoin transactions worth more than $100,000 each. While these big players are moving their money around to stay safe, The decentralized exchange Allocations has already built a $356 million cushion.

Comparing the Top Crypto Treasuries

To understand how impressive these results are, look at the current state of the market:

Hyperliquid Strategies ($PURR): +$356.6 Million (Profit)

Bitmine: -$7.5 Billion+ (Loss)

Strategy: -$2.5 Billion+ (Loss)

Others: Most are seeing multi-billion dollar drops

Expert Analysis: Future Outlook

The success of Hyperliquid Strategies suggests that the old way of managing crypto treasuries is changing. Simply buying and holding crypto isn't enough anymore. To survive in 2026, projects need active, smart systems that can react to the news in real-time. If the "Clarity Act" causes more price swings on March 1st, the lead that the decentralized exchange has over its rivals will likely get even bigger.

Investors should watch the $356 million profit level closely. If the team can keep these gains through the rest of the month, they will prove that their system is the strongest in the industry. Meanwhile, the massive losses at Bitmine serve as a warning: even the biggest names can lose billions if they don't have a modern plan for managing their risk.