> ## Documentation Index
> Fetch the complete documentation index at: https://docs.hyperstrategy.com/llms.txt
> Use this file to discover all available pages before exploring further.
# HSTR Tokenomics
> HSTR is HyperStrategy's native token
\$HSTR is the native token of HyperStrategy. The more the treasury grows, the more value stands behind each token.
## What HSTR Represents
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.
***
## Supply Structure
The total supply of HSTR is **at 1,000,000 tokens**.
***
## Where to Buy HSTR
You can acquire HSTR in a few ways depending on what you're optimizing for:
* [**hyperstrategy.com**](https://hyperstrategy.com) — buy HSTR directly through the official website.
* [**liqd.ag**](https://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.
## Tracking Value: mNAV
The most important number to understand as an HSTR holder is **mNAV** (modified Net Asset Value):
```text theme={null}
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](/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](https://portfolio.hyperstrategy.com). The dashboard updates continuously from onchain data.