v3.26.1
Fair Value of Financial Instruments (Tables)
 9 Months Ended
Mar. 31, 2026
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 March 31, 2026:
 
    
(In thousands)
  
    
Fair Value Measurement at March 31, 2026
  
Assets:
   
Total
     
Level 1
     
Level 2
     
Level 3
  
Money market funds1
    $ 37,817      $ 37,817      $ —       $ —   
Treasury funds1
      65,211        65,211        —         —   
USDC
2
      500        500        —         —   
HYPE digital assets
      689,045        689,045        —         —   
  
 
 
     
 
 
     
 
 
     
 
 
  
Total assets measured at fair value
   
$
792,573
 
   
$
792,573
 
   
$
— 
 
   
$
— 
 
  
 
 
     
 
 
     
 
 
     
 
 
  
1 - Included in cash and cash equivalents on the condensed consolidated balance sheets.
2 - Included in prepaids and other current assets on the condensed consolidated balance sheets.