v3.26.1
Digital Assets - Digital Asset Reconciliation (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Reconciliation of Company's assets and (liabilities) related to its digital assets    
Beginning balance $ 43,872,033  
HYPE Purchases 1,472,835  
Net HYPE received from native staking activities 238,827  
HYPE commission paid to co-validators (35,919)  
Non-cash interest income from digital assets receivable 198,957  
Realized and unrealized gains 15,042,089  
Realized and unrealized losses (77,095)  
Impairment (1,231,668)  
Provision for credit loss (504,511)  
Ending balance 60,739,409  
Revenue 244,271 $ 14,720
Revenue receivable 45,921  
HYPE commission paid to co-validators 35,919  
Unpaid costs 4,558  
Realized gain 3,699,401  
Unrealized gain 11,342,688  
Realized loss 75,637  
Unrealized loss 1,458  
Realized credit losses 0  
Hyperliquid Ecosystem    
Reconciliation of Company's assets and (liabilities) related to its digital assets    
Receipt of HPL pursuant to partnership agreement 150,163  
Deposits of USDH into Hyperion Rysk Vault 1,765,075  
Redemption of WHYPE-USDH-USDH-P-H-HL from Hyperion Rysk Vault (151,377)  
Digital Assets    
Reconciliation of Company's assets and (liabilities) related to its digital assets    
Beginning balance 16,345,347  
HYPE Purchases 1,472,835  
Deposits of digital assets into liquid staking activities (224,011)  
Receipts of digital assets from liquid staking activities 4  
Net HYPE received from native staking activities 189,520  
HYPE commission paid to co-validators (35,919)  
Realized and unrealized gains 7,601,283  
Realized and unrealized losses (77,095)  
Ending balance 25,422,127  
HYPE commission paid to co-validators 35,919  
Digital Assets | Hyperliquid Ecosystem    
Reconciliation of Company's assets and (liabilities) related to its digital assets    
Receipt of HPL pursuant to partnership agreement 150,163  
Digital Assets Receivable    
Reconciliation of Company's assets and (liabilities) related to its digital assets    
Beginning balance 6,935,131  
Net HYPE received from native staking activities 49,307  
Non-cash interest income from digital assets receivable 198,957  
Realized and unrealized gains 3,374,154  
Provision for credit loss (181,444)  
Ending balance 10,376,105  
Intangible Assets    
Reconciliation of Company's assets and (liabilities) related to its digital assets    
Beginning balance 20,591,555  
Deposits of digital assets into liquid staking activities 224,011  
Receipts of digital assets from liquid staking activities (4)  
Exchange of digital intangible assets receivable for digital intangible assets (8,863,235)  
Realized and unrealized gains 3,699,401  
Impairment (1,231,668)  
Ending balance 16,033,758  
Intangible Assets | Hyperliquid Ecosystem    
Reconciliation of Company's assets and (liabilities) related to its digital assets    
Deposits of USDH into Hyperion Rysk Vault 1,765,075  
Redemption of WHYPE-USDH-USDH-P-H-HL from Hyperion Rysk Vault (151,377)  
Digital Intangible Assets Receivable    
Reconciliation of Company's assets and (liabilities) related to its digital assets    
Beginning balance    
Exchange of digital intangible assets receivable for digital intangible assets 8,863,235  
Realized and unrealized gains 367,251  
Provision for credit loss (323,067)  
Ending balance 8,907,419  
HYPE Digital Assets    
Reconciliation of Company's assets and (liabilities) related to its digital assets    
Revenue $ 198,350