Nasdaq-Listed Firm Targets HYPE, Solana, and Sui for Reserve Strategy

Lion Group Holdings, a Nasdaq-listed financial services firm, has officially begun executing its ambitious $600 million cryptocurrency treasury strategy, announcing the completion of its first $2 million purchase of Hyperliquid (HYPE) tokens.

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 its new treasury reserve initiative. The move follows the initial closing of $11 million from the firm’s broader $600 million convertible note facility.

“The company completed its first strategic acquisition in Hyperliquid (HYPE),” Lion Group confirmed, calling it a foundational step in its long-term crypto allocation strategy.

More Acquisitions Coming: SUI and Solana in Focus

While the first allocation focused solely on HYPE, Lion Group stated it will also acquire Solana (SOL) and Sui (SUI) in upcoming tranches. The company plans to deploy at least 75% of net proceeds from each closing into the three assets, reinforcing its commitment to building a multi-chain crypto treasury portfolio.

Lion Group emphasized that the strategy reflects a deliberate and structured approach to building digital reserves that could enhance its long-term balance sheet stability. The firm did not disclose specific timelines for additional purchases but confirmed that further allocations are actively being planned.

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Strategic Diversification Through Digital Assets

The announcement positions Lion Group among a growing list of publicly traded companies using blockchain-based assets as strategic reserve components. While the initial focus is on HYPE, SOL, and SUI, the firm may broaden its scope as the treasury program evolves.

With this move, Lion Group signals increased institutional adoption of emerging crypto assets, beyond Bitcoin and Ethereum, as part of a forward-looking financial strategy.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.