Hyperion DeFi reports $39.6M in Q3 net income as HYPE rises

Nasdaq-listed Hyperion DeFi, a DAT company focused on accumulating Hyperliquid's HYPE, disclosed in its third-quarter earnings report that it held 1.848 million HYPE as of Sept. 30. The holding was down from 2.04 million HYPE at the end of the second quarter after the company sold part of its position to repay debt. At HYPE's quarter-end price of $90.83, the remaining holdings were worth $167.9 million. Hyperion DeFi posted third-quarter revenue of $810,000 and net income of $39.59 million, up 168% and more than 500% from a year earlier, respectively. Most of the net income came from HYPE's rise.