Lates News

According to official news, Lion Group Holding Ltd. (NASDAQ: LGHL), operator of an integrated trading platform, announced today its plan to swap all of its existing Solana (SOL) and Sui (SUI) assets for Hyperliquid (HYPE). This move follows closely after BitGo Trust Company launched an institutional-grade HYPE Ethereum virtual machine hosting solution in the US, aiming to optimize the company's cryptocurrency investment portfolio by leveraging Hyperliquid's high-performance Layer 1 blockchain and decentralized perpetual contract exchange capabilities. As part of this asset restructuring, Lion Group will adopt a progressive strategy to gradually convert its SOL and SUI positions into HYPE. This strategy aims to accumulate HYPE holdings at optimal prices by capitalizing on market fluctuations and reducing average acquisition costs. This move demonstrates the company's commitment to practicing prudent risk management and creating long-term value in the evolving digital asset space. Note: The announcement did not disclose the specific holdings of SOL and Sui, nor did it disclose the current holdings of HYPE. Previously, the company announced on June 19 that it had raised $600 million for its HYPE treasury strategy.