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Publicly listed company Sonnet establishes $888 million crypto DAT
[Public Company Sonnet Establishes $888 Million Crypto DAT] According to Arkham, US-listed company Sonnet Biotherapeutics has merged with Hyperliquid Strategies Inc. to establish a digital asset treasury (DAT) centered around HYPE. So far, $888 million in funding has been committed, with approximately 65% invested in the form of HYPE tokens and about 35% in US dollars. The shareholders approved the reserve plan through a vote earlier this morning, officially confirming it.