Stock price rises eightfold, Canadian listed company Tony G purchases virtual currency HYPE for 63 million yen.

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## Purchase Hyper Liquid

On the 12th, Tony G Investment Holdings announced that it purchased 10,387.685 units of HyperLiquid’s governance token HYPE at an average price of $42.24. The total investment amount reached approximately $438,800 (63 million yen), and this purchase resulted in the company’s stock price soaring over eight times after the announcement.

The company went public in 2023 and is a Canada-based investment holding company specializing in investments in the fields of blockchain, cryptocurrency, payment processing, and online commerce. It is a company that pursues growth opportunities in next-generation technology through the construction of a diverse digital asset portfolio.

The new CEO, Matt Zahab, positions it as a “strategic investment in digital infrastructure that drives next-generation innovation.” This marks the company’s first direct investment in the HyperLiquid ecosystem and signifies a full-fledged entry into the rapidly growing decentralized finance (DeFi) sector.

HyperLiquid is a dedicated blockchain designed to improve the efficiency and performance of DeFi trading. This acquisition through WonderFi Technologies, a cryptocurrency exchange operator under Canadian regulation, is attracting market attention as a move symbolizing the growing interest of companies in the DeFi sector.

HYPE7,67%
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