Hyperion DeFi posts record $31M Q2 net income amid HYPE accumulation

Hyperion DeFi (Nasdaq: HYPD), a company pursuing a HYPE accumulation strategy, posted a record $31 million in net income for the second quarter, more than doubling from $8.8 million in the previous quarter, The Block reported. The company recorded a net loss of about $9 million in the same period last year, while the total value of its HYPE holdings rose to $133 million from $71 million at the end of the first quarter.