HYPE treasury companies have reported significant profits, with unrealized gains exceeding $1.25 billion. Hyperliquid Strategies Inc. (HSI), a key player, holds approximately 22.3 million HYPE tokens valued at $1.636 billion, marking a $1.22 billion gain. HSI's stock, PURR, surged to $9.99, reflecting a strong market response to its strategic investments and partnerships. Hyperion DeFi, another HYPE treasury company, reported a net profit of $8.8 million in Q1 2026. It holds over 2 million HYPE tokens, with a current value of $147 million. Despite its stock trading at $3.50, Hyperion DeFi's strategic partnerships and increased token holdings position it for potential growth. Lion Group Holding, focusing on HYPE, holds 193,775 HYPE tokens valued at $14.14 million. Its stock closed at $0.9589, the lowest among the three companies. These treasury companies leverage on-chain staking and ecosystem participation to convert holdings into additional yields, distinguishing their strategy from traditional BTC treasury models.