$PURR weekly update
$HYPE Tokens: 22.3m, added 1.5m tokens (+7.2%).
Cash: $157.2m (+43.4%)
Fully diluted shares: 180.4m (+15.4%)
Expect team to deploy that cash into $HYPE this week. Heavy use of the ATM, MNAV at 1.18 rn. Will be interesting when they tap it less aggressively.
$CRCL Q1'26 just dropped and the bull case keeps getting easier to articulate.
Other Revenue compounding. $222M ARC token presale at a $3B FDV with BlackRock, Apollo, ICE on the cap table. Agent Stack shipping into the AI economy.
This is no longer just a rate trade.
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