Eole Makes Japan’s First HYPE Treasury Buy, Targets a $611K Stake

Tokyo-listed Eole has become the first Japanese public company to disclose a purchase of Hyperliquid’s HYPE token. The move contrasts with Quantum Solutions’ decision to sell ether to fund its artificial intelligence infrastructure business.

Japan’s corporate crypto market is moving beyond bitcoin and ether.

Eole Inc., listed on the Tokyo Stock Exchange’s Growth market, bought 1,078 HYPE on July 28 for $66,002 (¥10.08 million). The average purchase price was $57.15 (¥9,352) per token.

Eole will hold the token alongside bitcoin as a strategic asset under its “Neo Crypto Bank” initiative. The company launched the concept in October 2025 to develop financial infrastructure for an economy where artificial intelligence agents can make payments and enter contracts.

The investment is “not merely speculation for the purpose of capital gains,” Eole said. It added that holding HYPE is not merely a matter of fund management, but part of an effort to strengthen its onchain finance and Web3 businesses.

Eole said it may generate revenue by lending digital assets and hedging price risks through traditional financial (TradFi) markets. It will also explore connecting the holdings with its own services. The company plans to expand beyond a single cryptocurrency as it builds products around automated, smart contract-based finance.

Eole’s purchase comes as another Japanese corporate crypto holder moves in the opposite direction.

The transaction was Quantum’s second ether sale and lifted total disposals to 1,904 ETH. Its remaining balance fell to 4,764.80 ETH, about 29% below its peak holdings.

Quantum also raised its cumulative sales limit from 1,875 ETH to 4,375 ETH. That leaves room to sell another 2,471 ETH, equal to roughly 52% of its current position, although it has not committed to using the full authorization.

Currency conversions via Oando at $1 to ¥163.6