US Stock Lion Group plans to gradually replace its existing SOL and SUI holdings with HYPE.
BlockBeats News, September 8th, according to official sources, integrated exchange platform operator Lion Group Holding Ltd. (Nasdaq: LGHL) announced today that it plans to swap all its existing Solana (SOL) and Sui (SUI) assets for Hyperliquid (HYPE). This move follows closely the launch of an institutional-grade HYPE Ethereum Virtual Machine custody solution in the United States by BitGo Trust Company, aiming to optimize the company's cryptocurrency portfolio by leveraging Hyperliquid's high-performance Layer 1 blockchain and decentralized perpetual contract exchange capabilities.
As part of this asset restructuring, the Lion Group will adopt a phased accumulation strategy, gradually converting SOL and SUI positions into HYPE. This strategy aims to lower the average acquisition cost by capitalizing on market fluctuations, accumulating HYPE holdings at the best prices. This demonstrates the company's commitment to prudent risk management and long-term value creation in the evolving digital asset space.
BlockBeats Note: The announcement did not disclose the specific holdings of SOL and Sui, nor did it disclose the current HYPE holdings. Previously, the company announced on June 19th that it had received a $600 million investment to kickstart the HYPE Treasury strategy.
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