Eyenovia, Inc., a Nasdaq-listed ophthalmic technology company, has announced a significant $50 million investment in Hyperliquid’s native cryptocurrency, HYPE.
This move marks Eyenovia as the first publicly traded U.S. company to hold HYPE tokens in its treasury and to become a validator on the Hyperliquid blockchain network.
The funding was secured through private equity, involving convertible preferred shares and warrants that could potentially raise up to $150 million if fully exercised. To oversee this new digital asset strategy, Eyenovia has appointed Hyunsu Jung as Chief Investment Officer and Board Member. CEO Michael Rowe emphasised that adopting a cryptocurrency treasury strategy aligns with the company’s goal of long-term capital appreciation and enhancing shareholder value.
Hyperliquid is a high-speed Layer 1 blockchain designed specifically for perpetual trading. It operates with sub-second transaction finality and can handle up to 100,000 orders per second, offering a fully on-chain order book—a rarity among decentralized exchanges. Its unique HyperEVM execution layer is Ethereum-compatible, enabling developers to deploy decentralized applications efficiently. The platform has rapidly gained traction, accounting for 60% of total on-chain perpetuals volume in the past month, with monthly trading volumes exceeding $250 billion, rivalling centralized exchanges like Binance.
The HYPE token, ranked as the 12th-largest cryptocurrency by market capitalisation, surged 380% from its April low to an all-time high of $45.57 in mid-June 2025. At the time of the announcement, it was trading around $40.24. Eyenovia plans to stake its HYPE holdings and secure assets through Anchorage Digital. The company also intends to rebrand as Hyperion DeFi and change its ticker symbol to HYPD, signalling a strategic pivot into decentralized finance while continuing its core ophthalmic technology development.
This landmark investment could spur other public companies to explore crypto treasury strategies, potentially boosting demand for Hyperliquid tokens and reinforcing the network’s position among top blockchain platforms by market cap.
Meanwhile, Vinanz, a Bitcoin-focused firm listed on the London Stock Exchange, has successfully raised $4 million in funding to accelerate its expansion into the U.S. market and explore a potential dual listing on Nasdaq.
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