Eyenovia, a company listed in Nasdaq and known for its digital eye care technology, has entered the cryptocurrency sector. The company has completed a fundraising of $ 50 million via a securities purchase agreement with institutional investors.
In short
- Eyenovia raised $ 50 million to buy hype tokens and enter the digital asset market.
- CEO Michael Rowe said this initiative aims for long -term diversification and growth.
- Despite growing interest, the price of the hype has dropped by more than 9 % in the last seven days.
Blockchain eye care: Eyenovia's strategic turn
According to the announcement, the funds will be allocated to the acquisition and detention of Hype, the native token of Hyperliquid, a decentralized asset exchange platform and a Layer-1 blockchain.
This decision positions Eyenovia as the first American company listed on the stock market to include hype in its cash. This investment marks a turn to digital assets in Eyenovia's long -term strategy.
CEO Michael Rowe indicated that the objective is diversification, liquidity and future growth, with Complete council approval After a careful examination.
We are pleased to join the growing number of companies that have adopted similar strategies for diversification, liquidity and the long -term capital assessment potential represented by cryptocurrencies. After a complete examination of all the alternatives available, the Council and I concluded that this operation is in the best interest of our shareholders.
Michael Rowe, Managing Director of Eyenovia
Details of funding and current changes
As part of this fundraising, Eyenovia offers investors a mixture of privileged shares and subscription vouchers. These can either be converted into ordinary shares, or allow investors to buy more shares later at $ 3.25 each.
If each subscription voucher is exercised, the total raised capital could reach up to $ 150 million. However, this will depend on the response of investors in the future.
The transaction should be finalized around June 20, 2025, subject to the usual closing conditions. In addition, Eyenovia has announced its intention to change its name to become “Hyperion DEFI” and to adopt the “Hypd” stock market symbol, thus marking its reinforced commitment in the world of cryptocurrency.
In addition, the company appointed Hyunsu Jung to the post of director of investments. He will also join the Board of Directors and will support the strategy and investments in digital assets of the company.
In particular, a similar trend is emerging in Lion Group Holding Ltdanother company listed at Nasdaq. She recently obtained an ease of financing of $ 600 million from Atw Partners to support her own Hype cash and her blockchain projects.
Hype token is back on the market despite growing institutional interest
Despite the rise in companies' interest, the price of the Hype token recorded a drop. During the last week, he fell by more than 9 %, including 2 % in the last 24 hours.
The recent movement of the price of the hype is under pressure, with key levels to monitor. Here is what current market signals reveal.
- Resistance around $ 42 remains solid, with a domination of the sellers, while the key support at $ 37 is subject to increasing pressure.
- A break below $ 37 could open the door to new losses, the next downward area around $ 31.
- The RSI shows a slowdown in the dynamics with a neutral feeling while the sales pressure increases and the volume widens during the fall.
- The price movement remains low under critical VWAP levels, including the lowest weekly and the VWAP from last week at $ 40.30.
- A movement above $ 41.60 could change the feeling in bullish, but for the moment analysts await a short-term weakness which extends.
However, the news remains recent, and with growing support, there is real potential for the Hype token to straighten up and regain dynamics in the future.
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