Iole buys Hyperliquid token HYPE, targets ¥100 million by August-end

Iole said it has acquired Hyperliquid’s native token, HYPE, in what the company described as the first publicly disclosed HYPE holding by a Japanese listed company. The initial purchase, executed on July 28 and announced on July 29, covered about 1,078 HYPE for roughly ¥10.08 million at an average price of about ¥9,353 per token. Iole said it plans to buy more in multiple tranches by the end of August, bringing the total planned allocation to ¥100 million while monitoring market conditions and liquidity. The purchase sits within the company’s “Neo Crypto Bank Initiative,” announced in October 2025, which is tied to its view that software-native settlement rails will be needed for an AI-driven economy in which autonomous agents handle payments and contracts. Iole said it has already been accumulating Bitcoin as a strategic asset and is now adding HYPE as another core holding. The disclosure comes as sentiment around HYPE has weakened in other parts of the market. U.S.-listed spot HYPE funds have gone without any inflows since July 15, posting seven outflow sessions and three flat trading days, with roughly $27 million withdrawn over that stretch. Their combined assets under management fell from $370.8 million on July 6 to $252.38 million. Large holders have also transferred tokens to exchanges, including 137,100 HYPE moved by Multicoin Capital to Coinbase Prime and 495,473 HYPE sent from a wallet tied to Selini Capital to OKX. HYPE traded at $53.9 on Thursday, down 19.4% over the past 30 days and about 29.8% below its June 16 all-time high above $76.