Jakarta, Pintu News – Nasdaq-listed Lion Group Holding Ltd. (LGHL) recently announced that it has secured $600 million in funding from ATW Partners.
These funds will be used to purchase Hyperliquid in bulk, with the aim to build the world’s largest HYPE treasury. This strategic move marks the expansion of LGHL’s business into the decentralized market.
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LGHL plans to use the funds to strengthen their position in the digital finance market. LGHL CEO, Wilson Wang, stated that Hyperliquid (HYPE) is a natural addition to its existing derivatives business and will be the foundation for a scalable DeFi system.
With this investment, LGHL aims to lead the market by controlling a significant amount of HYPE. This investment is not only limited to Hyperliquid (HYPE), but also includes strategic holdings in Solana and Sui .
The partnership with BitGo, a leading crypto security company, will ensure the safe storage and staking of LGHL’s digital assets. BitGo CEO, Mike Belshe, expressed his support for LGHL’s strategic expansion and is excited to be part of this new phase in digital asset treasury management.
In addition to focusing on buying HYPE, LGHL also plans to list their shares in Asia, specifically in Tokyo and Singapore. This move will make LGHL the first public company in Asia with a HYPE-focused treasury. The first part of the funding, which amounts to $10.6 million, is expected to be completed within two days.
The collaboration with BitGo not only enhances the security of LGHL’s digital assets but also puts the company at the forefront of institutional adoption of blockchain technology. With BitGo’s technical and security support, LGHL is poised to take its role as a leader in digital asset treasury management on a global level.
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LGHL’s massive investment in Hyperliquid (HYPE) and other crypto assets such as Solana (SOL) and Sui (SUI) demonstrates its growing confidence in the potential of the DeFi market. It also signals an important shift in the investment strategy of traditional financial companies to digital assets.
Eyenovia, a US-based eye technology company, also followed suit by allocating $50 million to Hyperliquid treasuries.
The move is expected to encourage more companies to integrate crypto assets in their financial strategies, increasing the adoption and integration of blockchain technology across various industry sectors. As such, LGHL’s investment could be a catalyst for further growth and innovation in the digital finance ecosystem.
With the $600 million fund, LGHL not only strengthens their position in the crypto market but also sets a new standard in the management of digital assets by public companies. This move demonstrates LGHL’s long-term vision of integrating blockchain technology into their financial operations, which is expected to bring about a major transformation in the global financial industry.
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