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$HSTR is the native token of HyperStrategy. The more the treasury grows, the more value stands behind each token.

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What HSTR Represents

Treasury

As the treasury accumulates more HYPE through bond issuances, future financial instruments, and yield strategies, with yield also funding HSTR buybacks, the value backing each HSTR grows proportionally.

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Supply Structure

The total supply of HSTR is at 1,000,000 tokens.

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Where to Buy HSTR

You can acquire HSTR in a few ways depending on what you’re optimizing for:
  • hyperstrategy.com — buy HSTR directly through the official website.
  • liqd.ag — a HyperEVM DEX aggregator that routes across venues for the best available price. Recommended if you care about minimizing slippage.
  • PRJX — a HyperEVM DEX where HSTR mainly trades.

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Tracking Value: mNAV

The most important number to understand as an HSTR holder is mNAV (modified Net Asset Value): 
mNAV = Treasury AUM ÷ HSTR Market Cap
When mNAV is above 1.0×, the treasury holds more value than the market is pricing into HSTR, meaning you are acquiring treasury assets at a discount to their actual worth. See How It Works for a full explanation of how proceeds from HyperStrategy’s financial instruments and yield strategies compound mNAV over time.
Monitor the live treasury composition, HYPE balance, and real-time mNAV at portfolio.hyperstrategy.com. The dashboard updates continuously from onchain data.