SoFi CEO enters prepaid forward contract on 1.5 million shares
NEW YORK - Hyperion DeFi, Inc. (NASDAQ:HYPD) has acquired an additional 120,726 HYPE tokens, bringing its total holdings to 1,427,178 tokens, the company announced Monday. The micro-cap company, currently valued at $61.12 million with shares trading at $12.03, has shown remarkable revenue growth of over 660% in the last twelve months, according to InvestingPro data.
The blockchain investment firm, which describes itself as the first publicly-listed U.S. company to build a strategic treasury of HYPE tokens, purchased the tokens at an average price of $35.38 each.
HYPE is the native token of the Hyperliquid protocol, a layer one blockchain designed for high-frequency trading with onchain perpetual futures and spot order books. The token currently ranks as the 12th-largest cryptocurrency by market capitalization, according to the company.
"This latest acquisition reflects our commitment to consistently and strategically grow our HYPE position," said Hyunsu Jung, Chief Investment Officer at Hyperion DeFi.
This marks the company’s third allocation into HYPE tokens. Hyperion DeFi plans to deploy the additional holdings for revenue-generating opportunities on both HyperCore and HyperEVM platforms.
The company stated that staked HYPE provides utility for users through reduced trading fees and increased referral bonuses. According to the press release, more than 25 million HYPE has been autonomously purchased and sequestered by the blockchain itself with trading fees generated on the network’s order books as of June 2025.
Hyperion DeFi is also developing an Optejet User Filled Device designed to work with various topical ophthalmic liquids.
The information in this article is based on a company press release.
In other recent news, Eyenovia has rebranded as Hyperion DeFi, reflecting its strategic shift towards cryptocurrency holdings, specifically HYPE tokens. The company announced the change alongside plans to trade under the new ticker symbol "HYPD" on the Nasdaq Capital Market, effective July 3, 2025. Hyperion DeFi has expanded its HYPE token holdings by acquiring an additional 265,872 tokens, bringing the total to 1,306,452 tokens. As part of its cryptocurrency strategy, the company launched a co-branded validator node on the Hyperliquid blockchain in partnership with Kinetiq, utilizing its HYPE tokens to support network security. Eyenovia, now Hyperion DeFi, also secured a debt restructuring agreement with Avenue Capital Group, extending the maturity date and reducing the interest rate, which supports its digital asset strategy. The restructuring allows for interest-only payments for the first 18 months, aiding the company’s focus on building its HYPE token treasury. Additionally, Max Fiege has been appointed as Strategic Advisor to assist with the HYPE treasury initiative. Despite its pivot to digital assets, the company continues to develop its Optejet User Filled Device for ophthalmic treatments.
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