Healthcare of Ontario pension plan takes $35.3m stake in Hyperliquid Strategies
The Ontario public‑sector pension disclosed a $35.3 million holding in Hyperliquid Strategies, while the firm posted $620.6 million net income on token gains and seeks a U.S. futures licence.
By Lakshya Mishra, YourKhabri Desk1 min readinstitutional investmenthyperliquidpension fundcrypto treasury
Key takeaways
- 1$35.3 million stake disclosed by the Healthcare of Ontario Pension Plan in Hyperliquid Strategies
- 2Hyperliquid Strategies posted $620.6 million net income in Q3, driven by $803 million unrealised gains on HYPE token
The Healthcare of Ontario Pension Plan disclosed a $35.3 million equity stake in Hyperliquid Strategies, the treasury company behind the HYPE token, in its Q3 2026 Form 13F filing released on 13 November 2026.
The filing indicates the pension plan now owns a sizable share of Hyperliquid Strategies, which manages the Hyperliquid Treasury Company and issues the $PURR token on various blockchains. The investment adds the Ontario public‑sector fund to a growing list of institutional holders of crypto‑linked entities.
Hyperliquid Strategies reported $620.6 million of net income for the quarter ended 30 September, a surge powered by $803 million of unrealised gains on its HYPE token holdings. The firm’s subsidiary recently applied for registration as a U.S. futures commission merchant, seeking to offer perpetual futures contracts under a U.S. futures licence. The earnings and licensing move highlight the firm’s rapid expansion into regulated markets.
The pension fund’s sizable stake signals strong institutional confidence in Hyperliquid’s token model and may encourage other funds to consider similar exposure. It also puts pressure on regulators to scrutinise the token’s compliance framework. Market participants will watch upcoming 13F disclosures for further institutional moves and await the decision on the U.S. futures licence, which could unlock new trading products for the HYPE token.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.