Hyperion DeFi’s $31M profit highlights HYPE as crypto market slumps

On August 12, Hyperion DeFi, the first U.S.-listed company to build on Hyperliquid, announced its record net income of $31 million in the second quarter. This amount is more than tripled since the company made a profit of $8.8 million during the first quarter.

Hyperion attributed the jump in its net income to the rising valuation of its HYPE holdings, which became $133 million and provided investors with an understanding of how crypto treasury strategy works in times of rather lackluster market sentiments.

A second straight record quarter

Hyperion’s $31 million profit was its second consecutive quarterly record, compared with a loss of nearly $9 million a year earlier. The company also reported adjusted EBITDA of $53.7 million. Its shares rose about 5% in after-hours trading following the results.

The biggest driver was its HYPE treasury. Hyperion held about 2 million HYPE worth $133 million at the end of June, up from $71 million three months earlier.

It also provides investors with a good indicator of HYPE exposure for the stock. With 15.16 million shares outstanding as of May 13, the company is showing 2 million HYPE, leading to 0.13 HYPE per share or the HYPE value of approximately $8.78 at the estimated $133 million valuation. This is not a net asset value calculation but a solid way of examining how HYPE prices can affect Hyperion’s share backing.

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