PER has risen 230% YTD but faces downside risk from potential selling by a large holder and share dilution used to fund purchases.

We got held by Hyperlquid Strategies with trades on the NASDAQ under PER purr. That figure is from their own filing. It's tripled its war chest. It raised the maximum it can raise from new share sales from 1 billion to 2.5 billion. That is money earmarked to buy more hype.

The stock is up 230% this year. They're rolling. Big holder is also a big risk. I say it again, they could sell just as easy as they want to buy. One holder with 11% is a tailwind while they're buying.

But as long as they remember what happened with Micro Strategy with strategy they started selling the stock just or the uh underlying asset Bitcoin tanked. They are funding this by selling new shares.

That's dilution. There's a threshold in agreement of 1202. Below that share price sales are limited to 199.99% of outstanding stock. The stock was near 1136. So that limit is live right now.

Also that the filing gave no reason for the increase. Best fun of the week of the year and the price fell. Best fun week of the year I should say. I'm sorry. 110 million in a week.

Goldman and Jane Street both are among the largest holders. Wow. And the price went down.