NASDAQ-listed Eyenovia has announced a $50 million private investment to establish a cryptocurrency treasury focusing on the HYPE token, marking a significant step into the crypto sector.
Eyenovia's Cryptocurrency Investments
Eyenovia has attracted $50 million from institutional investors to create a crypto treasury, centering its strategy on the HYPE token native to the Hyperliquid blockchain.
Transition to Hyperion DeFi and Company Changes
Eyenovia is set to become the first publicly traded U.S. company to hold HYPE tokens in its treasury. The announcement also included a rebrand to Hyperion DeFi and a change of its ticker symbol from EYEN to HYPD.
Future Plans for Eyenovia's Crypto Investments
The company intends to purchase over one million HYPE tokens, making it one of the largest validators on Hyperliquid. CEO Michael Rowe stated that this step is part of a diversification strategy, while Eyenovia continues to work on the Optejet dispenser, aiming for FDA registration in 2025.
Eyenovia's entry into the crypto market reflects a strategic expansion while maintaining its focus on the core eye care business.
