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SINGAPORE - Lion Group Holding Ltd. (NASDAQ:LGHL), currently trading at $3.08 and showing signs of being undervalued according to InvestingPro analysis, has expanded its next-generation layer-1 blockchain treasury reserve to approximately $7 million through additional purchases of HYPE tokens, the company announced Monday.
According to a press release statement, the Nasdaq-listed firm’s treasury now holds 128,929 Hyperliquid (HYPE) tokens, 6,629 Solana (SOL) tokens, and 356,129 Sui (SUI) tokens as of July 7.
The company indicated it would provide periodic updates as it continues to expand its treasury reserve holdings.
Lion Group operates a trading platform offering various financial products including total return swap trading, contract-for-difference trading, over-the-counter stock options trading, and futures and securities brokerage services.
The announcement comes as more publicly traded companies explore cryptocurrency treasury strategies. Lion Group did not specify the strategic rationale behind its token purchases or disclose the specific amount invested in each cryptocurrency.
The company’s move adds to the growing trend of public companies allocating portions of their treasury to digital assets, though Lion Group’s $7 million allocation represents a relatively modest treasury position compared to larger corporate holders.
In other recent news, Lion Group Holding Ltd. announced the relaunch of its cryptocurrency operations, marking a strategic shift towards digital assets. The company has secured a $600 million facility from ATW Partners to support this initiative, which focuses on next-generation blockchain assets. Lion Group plans to establish a treasury reserve anchored by Hyperliquid, Solana, and Sui tokens, with custody services provided by BitGo Trust Company, Inc. The facility’s first closing of $10.6 million is expected soon, with Chardan as the sole placement agent. Additionally, Lion Group is evaluating secondary listings on the Tokyo Stock Exchange and Singapore Exchange to enhance its global presence. The company aims to integrate cryptocurrency exposure across its existing financial products, including exchange-traded funds and over-the-counter options. Lion Group’s strategic shift represents a foundational evolution in its approach to growth and capital allocation. The company also plans to leverage protocols to complement its existing derivatives and structured trading businesses.
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