On June 27, 2025, in Singapore, Lion Group Holding Ltd. (LGHL) announced a $600 million facility from ATW Partners to establish a treasury reserve for Hyperliquid's HYPE token. This strategic move signifies LGHL's expansion into decentralized finance (DeFi). The company has already purchased $2 million worth of HYPE tokens.
LGHL's initial purchase of HYPE tokens was at an average price of $37.30 per token. The company plans to allocate at least 75% of the net proceeds from future closings of its convertible debenture facility to acquire additional tokens, including HYPE, Solana (SOL), and Sui (SUI).
To manage its digital assets, LGHL partnered with BitGo Trust Company, Inc. LGHL's stock price rose following the announcement. As of June 27, 2025, LGHL shares traded at $2.64, SUI at $2.65, and HYPE at $36.99.