Street Calls of the Week
Lion Group Holding Ltd. (LGHL) announced plans to exchange all of its Solana and Sui cryptocurrency assets for Hyperliquid tokens. The Singapore-based trading platform operator said the move follows the launch of institutional Hyperliquid custody solutions in the U.S. by BitGo Trust Company, Inc.
The company will use an accumulation strategy to convert its SOL and SUI positions into HYPE tokens over time, designed to lower the average acquisition cost by taking advantage of market volatility. Lion Group operates a trading platform offering total return swap trading, contract-for-difference trading, over-the-counter stock options trading, and futures and securities brokerage.
"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. "By shifting our holdings from SOL and SUI to HYPE through a disciplined accumulation process, we aim to enhance portfolio efficiency and position the Company for sustained growth in the crypto sector."
The company stated the reallocation aims to optimize its cryptocurrency portfolio by leveraging Hyperliquid’s Layer 1 blockchain and decentralized perpetual futures exchange capabilities. Lion Group said it will provide periodic updates as it manages its treasury reserve and continues exploring strategic opportunities within the digital asset space.