So it looks like some VC's banded together, pooled some money and bought into a company that's listed in the Nasdaq and took it over for one sole purpose... To buy HYPE for their treasury and hold it ala Strategy and Bitcoin. 
And mind you, the company they took over is a dead company from 20 years ago with a stock that's been going down only since listing... The stock is up more than 10x since becoming a HYPE holder. Lmao!
Why did they need to buy a company that is listed on NASDAQ for this? Anyhow, HYPE performance has been consistently good much better than most new L1s that are selling the same old. And mind you, the company they took over is a dead company from 20 years ago with a stock that's been going down only since listing... The stock is up more than 10x since becoming a HYPE holder. Lmao!