Hyperion DeFi announced on September 25, 2025, that it purchased 176,422 HYPE tokens for $10 million. The United States-listed company said the acquisition expands its treasury, with the move designed to prepare for upcoming network changes and ecosystem opportunities.
According to the press release, the purchase was made at an average price of $38.25 per token, according to the company’s statement. Hyperion DeFi now holds 1,712,195 HYPE in total. Based on the current price of $41.51 per token, the holding is valued at about $70 million. This marks the company’s fourth purchase of the Hyperliquid native asset.
HYPE price action | Source: CoinMarketCap
“The Hyperliquid ecosystem continues to demonstrate the central role that HYPE has in both on-chain governance and enabling the associated governance outcomes, as seen with the recent USDH stablecoin proposals,” said Hyunsu Jung, Interim Chief Executive Officer. He added that the mainnet upgrade will require a minimum stake of 200,000 HYPE to qualify as a quote asset on HyperCore.
Jung explained, “We see this as an opportunity for Hyperion DeFi to directly participate in new ecosystem deployments.” The firm expects its latest allocation to be deployed for revenue-generating opportunities on HyperCore and HyperEVM, both part of the Hyperliquid platform.
Hyperliquid is a layer one blockchain built for fast and transparent trading. It supports fully on-chain perpetual futures and spot order books, with block times as low as 70 milliseconds. The platform also runs HyperEVM, a smart contract hub that supports decentralized applications
HYPE is the network’s native token used for governance and staking. Holders receive trading fee discounts and referral rewards. Over 30 million HYPE has been removed from circulation through fees, making it the sixteenth-largest cryptocurrency by market value as of September 2025.
Notably, Hyperion DeFi describes itself as the first U.S. public company to build a strategic treasury of HYPE. It also develops a medical device called Optejet for eye care, showing the firm’s wider business beyond blockchain.
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