Recent Updates — HYPD
Hyperion DeFi, Inc. voluntarily repaid approximately $8.6 million in outstanding legacy debt to Avenue Capital Management II, L.P., fully terminating the Loan and Security Agreement dated November 22, 2022. The payoff was funded by proceeds from the sale of HYPE tokens and cash on hand, leaving the company with no long-term debt. Concurrently, the company announced it repurchased 240,124 common shares at a weighted average price of $3.21 per share as part of its capital optimization efforts. As of September 30, 2026, Hyperion DeFi reported holding approximately $14.5 million in cash, cash equivalents, and USDC stablecoins, along with 1.85 million Gross HYPE tokens. The company operates in the decentralized finance (DeFi) sector, providing investors with exposure to the Hyperliquid blockchain ecosystem.
Hyperion DeFi, Inc. reported financial results for the fiscal quarter ended June 30, 2026, achieving record GAAP net income of $31.0 million and Adjusted EBITDA of $53.7 million. The company increased its Gross HYPE Holdings to $132.6 million, holding 2.04 million HYPE tokens. Operating expenses excluding stock-based compensation declined 21% quarter-over-quarter to $2.3 million as the legacy biotech segment was fully wound down and remaining IP was sold to Arctic Vision in July 2026. Hyperion announced new Hype Asset Use Service (HAUS) agreements with Entropy for HIP-3 markets and Skew Technologies for HIP-4 outcome markets, deploying a total of 1 million staked HYPE tokens. The company reiterated its 2026 Adjusted Gross Profit guidance of $5 million to $7 million. Hyperion DeFi operates in the decentralized finance industry, providing institutional access to the Hyperliquid blockchain ecosystem through staking, yield enhancement, and market infrastructure services.
Hyperion DeFi, Inc. entered into new employment agreements with CEO/CIO Hyunsu Jung, CFO David Knox, and General Counsel Robert Rubenstein, effective July 7, 2026. The agreements include provisions for severance, target bonus payments in the event of a change in control, and accelerated equity vesting during a change in control. Robert Rubenstein's base salary is set at $325,000. Hyperion DeFi, Inc. operates in the decentralized finance industry.