v3.25.4
Fair Value of Financial Instruments (Tables)
6 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy at December 31, 2025:

 

 

 

(In thousands)

 

 

 

Fair Value Measurement at December 31, 2025

 

Assets:

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash equivalents - money market funds

 

$

272,363

 

 

$

272,363

 

 

$

-

 

 

$

-

 

HYPE digital assets

 

 

327,610

 

 

 

327,610

 

 

 

-

 

 

 

 

Total assets measured at fair value

 

$

599,973

 

 

$

599,973

 

 

$

-

 

 

$

-