Tokyo-listed Eole Inc. has become the first publicly traded company in Japan to report buying Hyperliquid’s HYPE token, committing to a stake worth $611,113 (¥100m) as part of a wider push into onchain finance.
Eole, which is listed on the Tokyo Stock Exchange’s Growth market, disclosed that it acquired 1,078 HYPE on 28 July for a total of $66,002 (¥10.08m). The average purchase price was $57.15 (¥9,352) per token, according to its filing.
Based on its review of corporate disclosures, the company described the deal as the first publicly announced HYPE purchase by a Japanese listed business. It intends to build that initial position through a series of additional transactions by the end of August, taking the overall investment to $611,113 (¥100m).
HYPE is the native token of Hyperliquid, a blockchain network focused on onchain derivatives and trading. Eole said the token will sit in its treasury alongside bitcoin as part of a long-term strategy rather than a short-term trading bet.
Treasury move tied to ‘Neo Crypto Bank’ strategy
Eole said the HYPE purchase fits into its “Neo Crypto Bank” initiative, under which digital assets are held as strategic resources to support new financial services.
The company launched the Neo Crypto Bank concept in October 2025 with the aim of building financial infrastructure for an economy in which artificial intelligence agents can both make payments and enter into contracts.
In its statement, Eole stressed that the investment is “not merely speculation for the purpose of capital gains”. It argued that holding HYPE is not simply a question of managing surplus funds, but a way to reinforce its activities in onchain finance and Web3.
The firm indicated it may seek to generate income from its holdings by lending digital assets and using traditional financial (TradFi) markets to hedge price risk. It is also considering ways to link the tokens directly to its own services.
Eole added that it plans to broaden its exposure beyond a single cryptocurrency as it builds products around automated, smart contract-based finance, reflecting a move by some Japanese corporates to diversify beyond bitcoin and ether.
Quantum sells ether to fund AI build-out
Eole’s decision comes as another Japanese crypto-holding company moves in the opposite direction.
Quantum Solutions announced that its subsidiary GPT Pals Studio sold 1,000 ETH on 30 July for around $1.9m. The company said the proceeds will be used to support its artificial intelligence infrastructure business, including spending on data centres.
This latest transaction was Quantum’s second ether sale, taking total disposals to 1,904 ETH. Following the sale, its remaining balance stood at 4,764.80 ETH, which the company noted is about 29% below its peak holdings.
Quantum also disclosed that it has raised its cumulative ether sales cap from 1,875 ETH to 4,375 ETH. That change leaves scope for a further sale of 2,471 ETH, equivalent to roughly 52% of its current position, although the company has not committed to using the entire authorised limit.
The contrasting approaches underline how Japanese corporate strategies on digital assets are beginning to diverge. While Eole is adding HYPE and holding bitcoin to underpin an onchain finance thesis, Quantum is increasingly redeploying its crypto treasury to fund the expansion of its AI operations.
Currency conversions were calculated using an exchange rate of $1 to ¥163.6, based on data from Oando.
