HyperStrategy is the first fully onchain protocol on HyperEVM designed to mirror the strategy of MicroStrategy, but with a singular focus: acquiring and looping as much $HYPE as possible. To achieve this, HyperStrategy will launch an onchain Convertible Bond Protocol. Through this mechanism, HyperStrategy issues convertible bonds to participants who provide capital in USDT0. These bonds function as both a receipt and an agreement: if HyperStrategy's native token reaches a predetermined strike price in the future, the bonds convert into the token, granting the holder direct upside exposure. If the strike price is not reached by maturity, the participant simply reclaims their principal. How Convertible Bonds Work: Participants lend USDT0 to HyperStrategy in exchange for a bond, locking in a specific strike price. If the market price of the native token surpasses the strike price upon maturity, the bond converts into the native token at the locked in rate. If not, participants reclaim their USDT0. Capital raised via bond issuance is not only used to acquire $HYPE but also deployed in DeFi protocols to generate yield. This yield is reinvested to accumulate even more HYPE. Further, the protocol uses HYPE holdings as collateral to borrow stablecoins, which are in turn used to buy additional HYPE, creating a continuous loop of accumulation and growth. 1 Hype = 1 Hype. Hyperliquid.