According to @ThinkingUSD, Hyperliquid Strategies filed an S-1 seeking to raise up to 1 billion dollars for general corporate purposes, including potential purchases of HYPE tokens, as stated in a post dated Oct 22, 2025, source: @ThinkingUSD. According to @ThinkingUSD, the specified use of proceeds directly links any raised capital to possible HYPE market activity, making HYPE spot and derivatives liquidity, volume, and funding rates relevant trading metrics to monitor, source: @ThinkingUSD. According to @ThinkingUSD, traders should track price reaction, order book depth, and basis around any subsequent confirmations or filings to assess timing and scale of potential HYPE-related flows, source: @ThinkingUSD.