Nasdaq-listed Lion Group Holding Announces $600m Hype Treasury
The post Nasdaq-listed Lion Group Holding Announces $600m Hype Treasury appeared on BitcoinEthereumNews.com. Update June 19, 1:58 pm UTC: This article has been updated to include comments from Bitget Wallet’s CMO. Nasdaq-listed Lion Group Holding (LGHL) is establishing a $600 million cryptocurrency treasury reserve, with the Hyperliquid (HYPE) token as its main asset, signaling a growing institutional interest in altcoins beyond Bitcoin. The Singapore-based trading platform said it secured a $600 million facility from ATW Partners to fund the launch of its Hyperliquid (HYPE) token treasury and other blockchain initiatives. According to the company, $10.6 million of the capital will be deployed by Friday. The Hyperliquid token will serve as the “primary reserve asset” of the firm’s layer-1 (L1) treasury reserve asset, which will also feature Solana (SOL) and Sui (SUI) tokens. “Hyperliquid represents a natural extension of LGHL’s existing derivatives business into decentralized markets, and reflects our conviction that decentralized onchain execution is the future of trading,” said Wilson Wang, CEO of LGHL in a Thursday announcement. “We view protocols like HYPE, with decentralized sequencing, as foundational to building scalable DeFi systems,” he added. The firm cited Solana’s dominance in consumer-facing crypto apps and Sui’s recent backing from World Liberty Financial as key factors in its altcoin selection. Sui partnered with the Trump family-backed World Liberty Financial (WLFI) on March 6, which saw the token included in WLFI’s “Macro Strategy” token reserve, three months after a December interview revealed that Eric Trump held SUI tokens. LGHL stock price, 1-day chart. Source: Google Finance Shareholders received the crypto reserve news with optimism, with Lion Group’s stock price soaring nearly 20% on the daily chart after the announcement to trade at $3.33 at the time of writing, according to Google Finance data. Related: ‘Apple should buy Bitcoin,’ Saylor says, as share buyback disappoints Corporate altcoin treasuries are gaining traction The $600 million crypto treasury…
The post Nasdaq-listed Lion Group Holding Announces $600m Hype Treasury appeared on BitcoinEthereumNews.com.
Update June 19, 1:58 pm UTC: This article has been updated to include comments from Bitget Wallet’s CMO. Nasdaq-listed Lion Group Holding (LGHL) is establishing a $600 million cryptocurrency treasury reserve, with the Hyperliquid (HYPE) token as its main asset, signaling a growing institutional interest in altcoins beyond Bitcoin. The Singapore-based trading platform said it secured a $600 million facility from ATW Partners to fund the launch of its Hyperliquid (HYPE) token treasury and other blockchain initiatives. According to the company, $10.6 million of the capital will be deployed by Friday. The Hyperliquid token will serve as the “primary reserve asset” of the firm’s layer-1 (L1) treasury reserve asset, which will also feature Solana (SOL) and Sui (SUI) tokens. “Hyperliquid represents a natural extension of LGHL’s existing derivatives business into decentralized markets, and reflects our conviction that decentralized onchain execution is the future of trading,” said Wilson Wang, CEO of LGHL in a Thursday announcement. “We view protocols like HYPE, with decentralized sequencing, as foundational to building scalable DeFi systems,” he added. The firm cited Solana’s dominance in consumer-facing crypto apps and Sui’s recent backing from World Liberty Financial as key factors in its altcoin selection. Sui partnered with the Trump family-backed World Liberty Financial (WLFI) on March 6, which saw the token included in WLFI’s “Macro Strategy” token reserve, three months after a December interview revealed that Eric Trump held SUI tokens. LGHL stock price, 1-day chart. Source: Google Finance Shareholders received the crypto reserve news with optimism, with Lion Group’s stock price soaring nearly 20% on the daily chart after the announcement to trade at $3.33 at the time of writing, according to Google Finance data. Related: ‘Apple should buy Bitcoin,’ Saylor says, as share buyback disappoints Corporate altcoin treasuries are gaining traction The $600 million crypto treasury…
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