Hyperion DeFi Repurchases 240,124 Shares, Retires $8.6M Debt
- —Repurchased 240,124 HYPD shares at a weighted average price of $3.21
- —Retired $8.6 million in debt to Avenue Capital, leaving no long-term debt
- —Held $14.5 million in cash and stablecoins and 1.85 million HYPE as of September 30
- —About 15.44 million HYPD shares outstanding
Why it matters: The first U.S.-listed DeFi company on Hyperliquid is cutting debt and buying back stock, tying HYPD's equity story more closely to the HYPE token.
Source: The Crypto Updates