𝙉𝙖𝙨𝙙𝙖𝙦-𝙇𝙞𝙨𝙩𝙚𝙙 𝙁𝙞𝙧𝙢 𝙍𝙖𝙞𝙨𝙚𝙨 $600𝙈 𝙏𝙤 𝘾𝙧𝙚𝙖𝙩𝙚 𝙃𝙔𝙋𝙀 𝙏𝙧𝙚𝙖𝙨𝙪𝙧𝙮

Lion Group Holding, a trading platform based in Singapore and listed on Nasdaq, plans to invest more than half a billion USD to develop a cryptocurrency treasury centered around Hyperliquid (HYPE) tokens. The transaction, which the ATW Partners financed, reflects increased attraction to other digital currencies than Bitcoin.

HYPE will become the primary reserve cryptocurrency owned by the company, in addition to Solana (SOL) and Sui (SUI) tokens. It will be under the custody of BitGo, a reputable digital asset custody holder. As part of its objectives, Lion Group wants to own the largest HYPE treasury in the world.

According to the CEO of Lion Group, Wilson Wang, Hyperliquid complements their current business venture of derivative trading. He is sure that the finance industry will be changed by decentralized platforms that allows trades on blockchain and one of them will be HYPE.

Solana is associated with secure and easy to use crypto applications whilst Sui has captured interest recently after a joint venture with World Liberty Financial which has substantial investment from Eric Trump. These decisions indicate the fact that Lion Group is oriented to innovative blockchain technologies. The company plans to make $10.6 million in HYPE purchase in the coming days.

This announcement comes as other Nasdaq-listed companies, like Eyenovia, also explore Hyperliquid treasuries. Experts see this as a sign that big investors are embracing altcoins, or alternative cryptocurrencies.