Quarterly Report: December 18, 2025

🟣 Hipo Fund – Quarterly Report

December 18, 2025

📌 Overview

During this quarter, the Hipo Fund continued to actively support the HPO ecosystem through market buybacks, staking, and profit-sharing participation.

The main reason for the decrease in fund value compared to the previous report is the decline in the TON price, which also impacted HPO. In response, part of the change reflects intentional capital deployment to support HPO, alongside a strategic shift toward higher stablecoin exposure to improve risk control and maintain liquidity for future investments.

The Hipo Fund remains fully on-chain, transparent, and aligned with the long-term sustainability of HPO.

💰 Fund Summary — Updated

  • Capital in Previous Report (August 1, 2025): $227,434.64

  • Current Capital (December 18, 2025): $110,875.29

  • HPO Purchased: 241,288.66 HPO

  • Paid for Purchase: 651.85 TON

  • HPO Earned (Hipo Profit Sharing): 9,899.36 HPO

  • Addition: 3,944.8 TON from Season 3 Claim

📥 Key Activity This Period

  • Season 3 Claim: Added 3,944.8 TON to the fund.

  • HPO Buyback: Purchased 241,288.66 HPO using 651.85 TON to support the HPO price. This quarter, we used 10× less TON for buybacks compared to the previous quarter, highlighting strong holding behavior and confidence from HPO holders.

  • Profit Sharing: Earned 9,899.36 HPO from Hipo protocol revenue. The Hipo Fund wallet participated directly in profit sharing, enabling further market buybacks of HPO.

  • Stablecoin Rebalancing: Increased allocation to stablecoins to strengthen capital protection and liquidity. We swapped approximately 24K TON into ~47K USDT at an average rate of 1.9 TON per USDT to reduce risk and prepare liquidity for future investments.

🔸 Portfolio Allocation (as of Dec 17, 2025) — Updated

Asset
Amount
Allocation
Value (USD)
Notes

USDT

50,461.20

45.53%

$50,461.20

Capital preservation & liquidity buffer

HPO

9,023,524.43

32.55%

$36,094.09

Governance & profit-sharing token

hTON

16,000

21.92%

$24,320.00

Staked TON generating yield

Updated Total Fund Value: $110,875.29

Note: Portfolio valuation reflects current market prices at the time of reporting. The decrease in total fund value is primarily driven by market price movements, not asset liquidation.

🧠 Strategic Notes

  • This quarter prioritized a defensive treasury position, anchored by a strong stablecoin base.

  • HPO buybacks and profit-sharing accumulation reinforce long-term alignment with HPO holders.

  • Staked TON exposure continues to generate passive yield while limiting active risk.

🔮 Next Quarter Priorities

  • Continue selective HPO buybacks when strategically justified.

  • Evaluate low-risk TON DeFi strategies for excess stablecoin capital.

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