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  1. News
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  3. Eyenovia Shocks Markets with Massive HYPE Token Investment

Eyenovia Shocks Markets with Massive HYPE Token Investment

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Massive HYPE Token Investment: Why This Pharma Firm Just Made a Huge Crypto Leap?

Massive HYPE Token Investment: Why This Pharma Firm Just Made a Huge Crypto Leap?

A pharmaceutical company listed on the Nasdaq is making a significant cryptocurrency wager by investing $50 million in Hyperliquid’s HYPE token. The U.S.-based ophthalmic technology business Eyenovia, Inc. announced in a press release on June 17 that it had obtained $50 million in private equity funding.

Over a million Hyperliquid coins will be accumulated through the investment. This action makes Eyenovia the first publicly traded U.S. corporation to function as a Hyperliquid blockchain validator and hold HYPE in its treasury.

We’re pleased to join the growing number of companies adopting cryptocurrency treasury strategies. We believe this move supports long-term capital appreciation and shareholder value.

chief executive officer Michael Rowe

Meet the New Crypto Giant: Eyenovia Appoints CIO to Drive Digital Asset Strategy

Meet the New Crypto Giant: Eyenovia Appoints CIO to Drive Digital Asset Strategy

Convertible preferred shares and warrants are part of the funding agreement. If fully exercised, they might raise up to $150 million. In conjunction with the announcement, Eyenovia appointed Hyunsu Jung as a board member and chief investment officer to manage the company’s new digital asset strategy.

Jung referred to HYPE as the most resilient digital asset, pointing to Hyperliquid‘s explosive growth and top on-chain revenue. As the eleventh-largest cryptocurrency by market capitalization, HYPE has risen 380% from its April low to reach its highest point ever on June 16 at $45.57. HYPE is currently down 4.59% from its peak, trading at $40.24.

Could Hyperliquid Crack the Top 10? Eyenovia’s Move Might Be the Catalyst

With its HYPE holdings, Eyenovia intends to implement a staking strategy and employ Anchorage Digital to safeguard its resources. The company will also start using the ticker symbol HYPD and rename it to “Hyperion DeFi.”

Eyenovia plans to go into cryptocurrencies while continuing to develop its main Optejet eye care gadget, which is anticipated to be registered with the FDA by September. If more publicly traded companies follow Eyenovia’s example, Hyperliquid may experience a significant surge in network effects and token demand, which might place it among the top 10 blockchains by market capitalization.

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Eyenovia Shocks Markets with Massive HYPE Token Investment - CDS LOGO MAIN 6

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Eyenovia Shocks Markets with Massive HYPE Token Investment
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