Nasdaq-listed Lion Group spends $2M on HYPE tokens at ~$37.30 each
First tranche under a $600M convertible facility, aiming for 75% token allocation
Digital asset strategy includes HYPE, SOL, and SUI for its treasury
Lion Group Holding, a Nasdaq-listed firm, has taken a bold step in the world of decentralized finance (DeFi) by purchasing $2 million worth of Hyperliquid (HYPE) tokens. This investment follows the initial closing of a $600 million convertible debenture facility designed to strengthen its digital asset treasury.
The tokens were bought at an average price of approximately $37.30 each. This purchase is part of Lion Group’s long-term vision to build a “Layer-1 treasury,” with HYPE becoming the centerpiece of its reserve assets. Alongside HYPE, the firm is also allocating funds to Solana (SOL) and Sui (SUI) to diversify its crypto holdings.
Treasury Structure & Future Allocation
The first tranche of this facility has already delivered around $11 million in funding, allowing the company to initiate its HYPE acquisition. Lion Group plans to allocate a minimum of 75% of the net proceeds from future closings directly into purchasing tokens such as HYPE, SOL, and SUI.
The remaining funds will be used for general crypto-related operations and working capital. To secure and stake its digital assets, Lion Group has partnered with BitGo, a well-known name in crypto custody services.
In addition to expanding its treasury, Lion Group is looking to attract more investors through secondary stock listings in Tokyo and Singapore. This move aims to broaden the firm’s shareholder base and provide greater exposure to its evolving crypto strategy.
JUST IN: Nasdaq-listed Lion Group Holding bought $2 million worth of $HYPE for its treasury following the first closing of its $600 million facility. pic.twitter.com/UAPzGYDe08
— Cointelegraph (@Cointelegraph) June 27, 2025
Market Impact & Strategic Risks
Interestingly, while the company’s stock surged nearly 20% following the treasury announcement, HYPE’s price dropped by about 7%. This reflects typical crypto volatility and the market’s mixed sentiment toward corporate token holdings.
With such a large financial commitment tied to token performance, Lion Group’s strategy carries risks. Declining values of HYPE, SOL, or SUI could impact the overall strength of its treasury and potentially affect its long-term plans.
Despite this, the company is doubling down on its belief in the DeFi ecosystem. Updates on further token purchases, staking results, and global listings are expected as Lion Group continues its push into the crypto space.
Read also:
Lion Group Hunts HYPE: $2M Buy After $600M Crypto Facility
EU Says “Ready” to Strike Trade Deal with US
Bakkt’s $1B Shelf Offering Could Fuel Bitcoin Bets
India Eyes Bitcoin Reserve Pilot for Economic Resilience
ETH Drops, AVAX Stalls, but BlockDAG’s $0.0030 Entry & Record $323M Presale Signals 16x Potential!
The post Lion Group Hunts HYPE: $2M Buy After $600M Crypto Facility appeared first on CoinoMedia.
