Quarterly Report: December 18, 2025
🟣 Hipo Fund – Quarterly Report
Section titled “🟣 Hipo Fund – Quarterly Report”December 18, 2025
📌 Overview
Section titled “📌 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 GRAM 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
Section titled “💰 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 GRAM
- HPO Earned (Hipo Profit Sharing): 9,899.36 HPO
- Addition: 3,944.8 GRAM from Season 3 Claim
📥 Key Activity This Period
Section titled “📥 Key Activity This Period”- Season 3 Claim: Added 3,944.8 GRAM to the fund.
- HPO Buyback: Purchased 241,288.66 HPO using 651.85 GRAM to support the HPO price.
This quarter, we used 10× less GRAM 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 GRAM into ~47K USDT at an average rate of 1.9 GRAM per USDT to reduce risk and prepare liquidity for future investments.
🔸 Portfolio Allocation (as of Dec 17, 2025) — Updated
Section titled “🔸 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 |
| hGRAM | 16,000 | 21.92% | $24,320.00 | Staked GRAM 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
Section titled “🧠 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 GRAM exposure continues to generate passive yield while limiting active risk.
🔮 Next Quarter Priorities
Section titled “🔮 Next Quarter Priorities”- Continue selective HPO buybacks when strategically justified.
- Evaluate low-risk TON DeFi strategies for excess stablecoin capital.