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LAGUNA HILLS, Calif. - Hyperion DeFi, Inc. (NASDAQ:HYPD), a $43.14 million market cap company whose stock has declined 34% year-to-date, has acquired an additional 108,594 HYPE tokens, bringing its total holdings to 1,535,772 tokens purchased at an average price of $36.14 each, according to a company press release. InvestingPro data shows the company’s stock trades with significant volatility, with a beta of 2.48.
The company plans to deploy these tokens into Kinetiq’s iHYPE (Institutional HYPE) pool, a gated smart contract environment that provides access to the iHYPE Liquid Staking Token. This institutional-grade staking solution is available only to participants that complete compliance verification. According to InvestingPro analysis, HYPD is currently burning through cash rapidly, with a concerning current ratio of 0.34, indicating potential liquidity challenges.
"As the first public company to utilize Kinetiq’s institutional-grade liquid staking solution, we are taking key steps to provide shareholders with access to the unique opportunities only available on Hyperliquid," said Hyunsu Jung, Chief Investment Officer of Hyperion DeFi.
The company expects to earn passive staking yield while using iHYPE as collateral on the HyperEVM or with various execution partners. Hyperion will also participate in Kinetiq’s kPoints incentive program.
Justin Greenberg, Co-Founder and CTO of Kinetiq, noted that the collaboration "is setting the standard for institutional engagement with Hyperliquid."
Hyperion DeFi will host an investor webinar Tuesday at 2:00pm ET to discuss its transformation from a digital ophthalmic tech company to a publicly listed firm focused on building a strategic treasury around HYPE, the native token of the Hyperliquid blockchain. Despite current challenges, analysts forecast 65.92% revenue growth for the current fiscal year. For deeper insights into HYPD’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable intelligence.
Hyperliquid is a layer one blockchain optimized for high-frequency trading with onchain perpetual futures and spot order books. HYPE, currently the 12th-largest cryptocurrency by market capitalization, provides utility through reduced trading fees and increased referral bonuses when staked.
Kinetiq has accumulated over $600 million in Total Value Locked within the first week of its launch, establishing itself as the leading liquid staking protocol on Hyperliquid.
In other recent news, Hyperion DeFi, formerly known as Eyenovia, Inc., has been active with several strategic moves. The company announced the acquisition of an additional 120,726 HYPE tokens, increasing its total holdings to 1,427,178 tokens. This purchase follows an earlier acquisition of over 265,000 HYPE tokens, which were bought at an average price of $34.83 each. Hyperion DeFi’s rebranding from Eyenovia marks a significant shift towards focusing on cryptocurrency holdings, with trading under the new ticker symbol "HYPD" set to begin on July 3, 2025.
The rebranding aligns with its strategy to build a strategic treasury of HYPE tokens, the native cryptocurrency of the Hyperliquid protocol. Furthermore, the company launched a co-branded validator node on the Hyperliquid blockchain in partnership with Kinetiq, utilizing its HYPE tokens to support network security. This development is part of its broader initiative to support ecosystem growth and explore yield generation opportunities. These recent developments highlight Hyperion DeFi’s strategic pivot towards cryptocurrency investments and blockchain technology.
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