Hyperion DeFi (HYPD)
Builds and deploys a HYPE treasury across Hyperliquid staking and on-chain services.
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Builds a HYPE treasury and deploys staked tokens through a validator, fee-sharing service and on-chain yield arrangements. Operating revenue comes mainly from staking and service activity, while the business remains tied to Hyperliquid and HYPE.
Builds a Hyperliquid-native digital-asset treasury around HYPE, then stakes and deploys those tokens through the Kinetiq x Hyperion Validator, HYPE Asset Use Service and on-chain yield arrangements. Revenue comes primarily from native staking rewards, validator commissions, fee-sharing arrangements and listing services; changes in digital-asset values are distinct from operating revenue.
Runs a digital, partner-led operating footprint from Dallas, with services delivered across Hyperliquid and institutional staking infrastructure rather than physical distribution. Dependence remains concentrated in HYPE and Hyperliquid, while validator and on-chain activities require self-custody, functioning smart contracts and partnerships with infrastructure and protocol providers.
The legacy Optejet ophthalmic technology business was scheduled for wind-down after its monetization agreement ended.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $7.10 | Target: $11.20 |
| Sep 8, 2026 | Chardan Capital | Reiterate | Rating: —Target: $7.75 | Target: $8.45 |
| Aug 13, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $4 | Target: $7.10 |
| Dec 24, 2025 | Chardan Capital | Target | Target: — | Target: $7.75 |
| Dec 16, 2025 | Cantor Fitzgerald | Target | Target: — | Target: $4 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $9.6M · Total debt $8.9M · Total assets $113.1M · Shareholders' equity $101.9M
- Revenue
- $357.7K
- Operating income
- −$2.7M
- Net income
- $31.0M
No dividends on record.
| Institutions | 16.64% | 2.52M shares | |
|---|---|---|---|
| 33 holders · as of Jun 30, 2026 | |||
| Insiders | 15.53% | 2.35M shares | |
| 8 holders · as of Aug 18, 2026 | |||
| Other | 67.83% | 10.28M shares | |
| remainder | |||
15.16M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Hyunsu JungInsiderdirector, officer: See Remarks | 8.88% | 1.35M | filed Aug 18, 2026 |
Vanguard Capital Management LLCInstitution | 3.08% | 466,798 | as of Jun 30, 2026 |
Franklin Resources IncInstitution | 2.61% | 395,939 | as of Jun 30, 2026 |
David R. KnoxInsiderofficer: Chief Financial Officer | 2.03% | 307,119 | filed Apr 1, 2026 |
Arrington Capital Management, LLCInstitution | 1.96% | 297,777 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 1, 2026 | Hyunsu Jung | director, officer: See Remarks | +7,000 | $3.70 |
| Jun 2, 2026 | Hyunsu Jung | director, officer: See Remarks | +1,000 | $3.66 |
| Dec 31, 2025 | David R. Knox | officer: Chief Financial Officer | +27,950 | $3.59 |
| Dec 26, 2025 | Ellen R. Strahlman | director | +6,912 | $3.86 |
| Dec 29, 2025 | Ellen R. Strahlman | director | +23,968 | $3.60 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hyperion DeFi | $3.99 | +3.51% | $58.4M | — | 0.7 | 41.7 | — |
| Hyperliquid Strategies | $13.96 | +2.99% | $1.82B | 20.8 | — | 192.8 | — |
| Strategy | $169.60 | +0.65% | $55.74B | — | 5.1 | 111.9 | +6.9% |
| BitMine Immersion Technologies | $28.56 | +1.10% | $16.09B | — | 39.4 | 262.9 | +2,964.4% |
| DeFi Development | $6.50 | −0.15% | $196.1M | — | — | 13.0 | +66.9% |
| Sharplink | $10.35 | +3.71% | $1.97B | — | 92.7 | 39.2 | +1,553.3% |
| Median | 20.8 | 39.4 | 111.9 | +810.1% |