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The move follows World Liberty Financial's apparent freeze of HTX-linked on-chain addresses, citing UK sanctions compliance, per HTX.
Roughly 800,000 HYPE will return to the company's treasury for redeployment to "more profitable" strategies, per a Friday filing.
Onchain analysts described the move as defensive collateral management to reduce liquidation risk, not likely a sale.
Strategy, Bitmine, and other major treasury firms have seen paper gains evaporate as crypto prices continue sliding.
As cryptocurrency-related bills from regulating stablecoins to the market as a whole take center stage — now comes how to tax those assets.