Hyperion DeFi, a publicly traded treasury company built around Hyperliquid, reported $31 million in Q2 net income.
Its HYPE holdings also jumped to $133 million, up from $71 million at the end of Q1.
That’s a major jump in both profitability and HYPE exposure.
The bigger story?
Institutional-style treasury strategies are starting to move beyond BTC and ETH.
Hyperliquid is becoming impossible to ignore.