Eyenovia Raises $50 Million to Acquire 1 Million HYPE Tokens

Eyenovia, a Nasdaq-listed biotech firm originally focused on ophthalmic delivery systems, has made a significant pivot into the cryptocurrency space. The company has successfully raised $50 million through a private placement, which it intends to use to acquire over 1 million HYPE tokens. This acquisition makes Eyenovia the first U.S. public company to hold HYPE tokens in its treasury, marking a historic move in the integration of traditional finance with decentralized finance (DeFi).

This strategic shift is part of Eyenovia's broader plan to diversify its assets, enhance yield potential, and participate in the growing DeFi ecosystem. By investing in HYPE tokens, the company aims to hedge against traditional market volatility and unlock yield through crypto staking. This approach not only offers long-term potential for capital appreciation but also opens new avenues for revenue generation, setting a new standard in corporate treasury management.

The funding for this initiative involves the issuance of convertible preferred shares and warrants, allowing for future capital expansion up to $150 million. Eyenovia will stake its HYPE tokens using Anchorage Digital, a trusted platform for institutional crypto custody. This move ensures the security and management of the company's crypto assets, aligning with best practices in the industry.

To lead this transformation, Eyenovia has appointed Hyunsu Jung as Chief Investment Officer. Jung brings extensive expertise in crypto and DeFi, bolstering the leadership team for this new strategic direction. As part of the rebranding effort, the company will transition to Hyperion DeFi, with a new ticker symbol “HYPD” effective from June 20, 2025. This rebranding reflects the company's commitment to its new identity in the DeFi space and its ambition to become a leader in this emerging field.

This move by Eyenovia underscores a broader trend where traditional firms are exploring blockchain integration to enhance financial resilience and drive growth. By embracing DeFi, Eyenovia is positioning itself at the forefront of this trend, leveraging the potential of blockchain technology to create new opportunities for value creation and innovation. This strategic shift not only diversifies the company's asset base but also aligns it with the future of finance, where decentralized systems are increasingly playing a pivotal role.