Hyperion DeFi, the treasury company behind Hyperliquid, posted a second-quarter net profit of $31 million, setting a new record, according to The Block. The figure more than tripled from $8.8 million in the prior quarter and reversed a net loss of roughly $9 million in the same period last year. The value of the firm's HYPE token holdings climbed to $133 million at the end of Q2, up from $71 million at the end of Q1. The CEO said Hyperion has significantly expanded its HYPE reserves while launching several scalable businesses and new products on Hyperliquid and continuing to lower costs. Hyperion also announced a partnership with Entropy, the deployer of HIP-3, pledging to stake 500,000 HYPE. It separately committed another 500,000 HYPE to support HIP-4 result markets through Skew Technologies. By the end of the quarter, Hyperion held about 2 million HYPE. Shares rose approximately 5% in after-hours trading following the earnings release.
Hyperion DeFi, the treasury company of Hyperliquid, reported a net profit of $31 million for the second quarter, a record high, according to The Block. This compares with $8.8 million in the previous quarter and a net loss of about $9 million in the year-ago quarter.
The company's HYPE token holdings rose to $133 million in market value at the end of Q2, up from $71 million at the end of Q1. Hyperion's CEO said the firm had significantly increased its HYPE reserves while rolling out several scalable businesses and new products on Hyperliquid and continuing to cut costs.
In partnership moves, Hyperion said it will work with Entropy, the deployer of HIP-3, and pledged to stake 500,000 HYPE. It also committed another 500,000 HYPE to support HIP-4 result markets via Skew Technologies.
As of the quarter-end, Hyperion held roughly 2 million HYPE. The company's stock gained about 5% in after-hours trading after the earnings announcement.
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