Hyperliquid Rally Drives Hyperion DeFi’s Q3 Net Income to $39.59 Million
Summary
- Hyperion DeFi said its third-quarter net income reached about $39.59 million, nearly six times higher than a year earlier.
- As of the end of the third quarter, its Hyperliquid holdings stood at about 1.848 million tokens, down from the end of the second quarter, and the company said it sold part of the holdings to support debt repayment.
- The company said the value of its Hyperliquid holdings was about $167.9 million in the third quarter, while its net asset value (NAV) was about $182.4 million. It also said staking income rose 49% from the previous quarter to about $785,000.
Forecast Trend Report by Period
Hyperion DeFi, a digital-asset treasury company focused on Hyperliquid (HYPE), posted roughly $40 million in net income for the third quarter.
Odaily reported on Nov. 12 that Hyperion DeFi recorded third-quarter net income of about $39.59 million. That was nearly six times the $6.63 million reported a year earlier. Third-quarter revenue surged 168% from a year earlier to about $810,000.
The company held about 1.848 million Hyperliquid tokens at the end of the third quarter. That was down from 2.04 million at the end of the second quarter. Hyperion DeFi said it sold part of its holdings to repay debt.
The value of the company’s Hyperliquid holdings was about $167.9 million in the third quarter, based on a price of $90.83 per token. Its net asset value, or NAV, stood at about $182.4 million.
Third-quarter staking income totaled about $785,000, up 49% from the previous quarter. Rewards earned through staking and validator operations came to about 10,885 Hyperliquid tokens.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul