news 
Title: Nasdaq Company Makes Crypto Pivot With $50M HYPE Token Reserve
In a groundbreaking move, Eyenovia, a Nasdaq-listed company, has announced its commitment to allocate up to $50 million towards a reserve of Hyperliquid (HYPE) tokens. This monumental shift is poised to cement Eyenovia’s position as one of the pioneers in adopting a treasury approach in cryptocurrency management.
As part of this bold venture, the company plans to purchase 1 million HYPE tokens using a portion of the allocated funds. Once achieved, Eyenovia will join the elite group of companies that have successfully diversified their capital through cryptocurrencies. Notably, such strategies have attracted a growing number of public entities seeking to bolster liquidity and optimize their long-term financial prospects.
Eyenovia intends to expand its focus by rebranding itself as Hyperion DeFi and concurrently changing its Nasdaq ticker symbol to HYPD. Despite this metamorphosis, the company remains dedicated to continuing its core business of developing innovative ophthalmic delivery technology solutions. A key milestone in these endeavors is the anticipated registration with the U.S. Food and Drug Administration (FDA) for the Gen-2 Optejet User-Filled Device by September 2025.
In a significant addition to Eyenovia’s management, it has appointed Hyunsu Jung as its new CEO. Jung has joined the board of directors alongside his CEO role. In a statement, he expressed his enthusiasm and commitment to guiding this innovative crypto strategy forward, highlighting HYPE as the most robust digital asset for Eyenovia.
As part of this strategic pivot, Eyenovia will collaborate with Anchorage Digital to create a staking initiative. This partnership aims to safeguard and manage the company’s newly acquired digital assets. This development echoes recent moves by other public firms like Strategy and DeFi Development Corporation that have adopted similar crypto-backed capital management methods.
Interestingly, the HYPE token has responded negatively to this news, plummeting 5% over the past 24 hours. Market indicators hint at further weakness ahead, should prices fall below the current zone.
Source: www.crypto-news-flash.com
