Lion Group Holding Ltd., a Hong Kong-based brokerage and trading firm listed on Nasdaq under ticker LGHL, secured a $600 million facility from ATW Partners to launch its Hyperliquid (HYPE) treasury. The initial $10.6 million tranche is expected to close within 48 hours. CEO Wilson Wang stated that Hyperliquid extends the company's derivatives business into decentralized markets, emphasizing decentralized on-chain execution as the future of trading. The company plans to allocate funds to Solana and Sui for custody and staking, with BitGo as the custodian for these assets. Lion Group also announced the relaunch of its crypto operations and is considering adding cryptocurrency exposure to its existing financial products. This move aligns with a broader trend of public companies building cryptocurrency-based treasuries, exemplified by Michael Saylor's Strategy. Lion Group's stock rose nearly 20% following the announcement but saw a slight decline in after-hours trading. SoSoValue is not mentioned in the original content.

HYPE

MSTR

Lion Group Holding Ltd., a brokerage and trading firm based in Hong Kong, has secured a $600 million facility from ATW Partners to roll out its Hyperliquid (HYPE) treasury. The initial $10.6 million tranche is set to close within 48 hours following its Wednesday announcement."Hyperliquid represents a natural extension of LGHL's existing derivatives business into decentralized markets, and reflects our conviction that decentralized on-chain execution is the future of trading," Wilson Wang, CEO of Lion Group Holding, said in the statement.Wang added that the company may allocate funds to Solana and Sui for custody and staking, expected to form "key pillars" to its treasury strategy focused on execution-first protocols. BitGo will custody Lion Group's SOL and SUI assets, according to the release.Founded in 2015, Lion Group went public on the Nasdaq in 2020 under ticker LGHL. Its stock closed up 19.78% at $3.33 on Wednesday but retraced 3.9% in after-hours trading, according to Yahoo Finance data.Also on Wednesday, Lion Group announced the relaunch of its crypto operations. The company plans to assess incorporating cryptocurrency exposure into its current portfolio of exchange-traded funds, over-the-counter options, and total return swap products.The traditional finance industry is witnessing a wave of public companies raising funds or securing loans to build cryptocurrency-based treasuries, led by Michael Saylor's Strategy, known for its regular bitcoin acquisitions.

Nasdaq-listed Lion Group secures $600 million financing to advance Hyperliquid treasury