Stan Druckenmiller Reveals $23 Million PURR Bet as Hyperliquid Takes On Polymarket

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Stanley Druckenmiller quietly added a new kind of crypto bet last quarter.

Duquesne Family Office held 2.94 million shares of Hyperliquid Strategies Inc. (NASDAQ: PURR ) on June 30, a stake worth $23.15 million and its first reported position in the company.

The second-quarter filing showed Duquesne's reported portfolio expanding from $3.38 billion across 70 positions to $5.21 billion across 95.

The disclosure has already produced headlines for the fund's Amazon and Alphabet purchases and its IREN and crypto-infrastructure positions, but the overlooked PURR holding reveals a different crypto wager.

PURR is not Hyperliquid itself. It is a digital asset treasury company that accumulates and stakes Hyperliquid (CRYPTO: HYPE) , the token behind the fast-growing on-chain exchange.

The stake represented roughly 0.44% of Duquesne's reported portfolio, according to the filing . PURR reported holding 20 million HYPE tokens and $103 million in cash as of April 29.

Hyperliquid is an on-chain exchange best known for perpetual futures, which are leveraged contracts with no expiration date.