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SINGAPORE - Lion Group Holding Ltd. (NASDAQ:LGHL), a micro-cap company currently valued at $1 million and showing signs of being undervalued according to InvestingPro analysis, announced Monday its plan to exchange all of its Solana (SOL) and Sui (SUI) cryptocurrency assets for Hyperliquid (HYPE), following BitGo Trust Company’s launch of institutional HYPE EVM custody solutions in the U.S.
The company will implement an accumulation strategy to convert its positions over time, aiming to take advantage of market volatility to lower the average acquisition cost of HYPE tokens. This move comes as the stock demonstrates high volatility with a beta of 2.39, and has declined 88% over the past year. InvestingPro data reveals 14 additional risk and valuation indicators that could be crucial for investors tracking this volatile stock.
"We believe Hyperliquid represents the most compelling opportunity in decentralized finance, with its on-chain order book and efficient trading infrastructure," said Wilson Wang, CEO of LGHL, according to the company’s press release.
Lion Group, which operates a trading platform offering total return swaps, contract-for-difference trading, over-the-counter stock options, and futures and securities brokerage services, stated that this reallocation aligns with its risk management approach and long-term value creation goals.
The company indicated it will provide periodic updates as it continues to manage its treasury reserve and implement this cryptocurrency portfolio adjustment.
This announcement represents the latest strategic move by Lion Group in the digital asset space as it continues to explore opportunities within the cryptocurrency sector, according to the company statement.
In other recent news, Lion Group Holding Ltd. has expanded its cryptocurrency holdings, now totaling approximately $9.6 million. The company’s treasury reserve includes 1,015,680 Sui (SUI) tokens, 128,929 Hyperliquid (HYPE) tokens, and 6,629 Solana (SOL) tokens. This expansion is part of a strategic focus on next-generation Layer-1 blockchain ecosystems. Additionally, Lion Group completed a $3 million convertible note offering to an institutional buyer, under an existing securities purchase agreement. The note includes a Right to Receive Tokens agreement, allowing the buyer to receive specified tokens or equivalent cash if the tokens are not delivered. Furthermore, Lion Group has secured a $600 million facility from ATW Partners to support its cryptocurrency treasury initiative. This facility will aid in establishing a reserve anchored by HYPE, SOL, and SUI tokens. Lion Group plans to custody and stake its SOL and SUI assets with BitGo Trust Company, Inc.
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