PURR gained more than 17% during Thursday’s session, while trading above net asset value.
Thursday trading put PURR at about $11.66, against an estimated NAV of $10.81 per share. The reported mNAV was about 1.078, equivalent to a 7.8% premium. A reading above 1 indicates that the market values the company above its assets.
Earlier in the session, the multiple was 1.011, with shares roughly 1.1% above NAV. The change widened the gap between the stock's market price and the NAV attributed to each share.
CoinGecko and exchange spot data put Hyperliquid (HYPE) at $93.74 at 11:45 a.m. ET (15:45 UTC), up 17.19% over 24 hours. The per-share NAV implied a HYPE price near $85.96, below the latest market quote.
