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📅 July 3, 7:00 – July 9,
#BTC ,# #sol # # HYPE# Lion Group Holdings, a financial company listed on Nasdaq, has officially commenced the execution of its ambitious $600 million crypto reserve strategy by announcing the completion of its first purchase of Hyperliquid tokens (HYPE) worth $2 million.
According to the company's statement, the acquisition was made at an average price of $37.30 per token, making HYPE the first asset selected under the company's new reserve initiative. This move follows the initial closing of $11 million from the company's broader $600 million convertible bond issuance.
"The company completed its first strategic acquisition in Hyperliquid (HYPE)," confirmed Lion Group, calling it a foundational step in its long-term crypto distribution strategy.
More purchases are expected: SUI and Solana in focus
While the first distribution focused entirely on HYPE, Lion Group stated that they would also acquire Solana (SOL) and Sui (SUI) in upcoming tranches. The company plans to invest at least 75% of the net proceeds into the three assets, reinforcing its commitment to building a diversified crypto portfolio.
Lion Group emphasized that the strategy reflects a deliberate and structured approach to building digital reserves that could enhance the long-term stability of the balance sheet. The company did not disclose specific timelines for additional purchases but confirmed that further allocations are actively being planned.
Strategic diversification through digital assets
With this announcement, Lion Group joins the growing list of publicly traded companies that utilize blockchain-based assets as strategic reserve components. Although the initial focus is on HYPE, SOL, and SUI, the company may expand its scope with the development of the reserve program.
With this move, Lion Group signals increased institutional acceptance of emerging crypto assets, besides Bitcoin and Ethereum, as part of a forward-looking financial strategy. #Top 3 CEXs: A Moment of Transformation# #Kevin Lee Joins Gate Square# #Hong Kong Digital Asset Policy