Lion Group Holding, a U.S.-listed company, said it has rebalanced part of its digital asset treasury by selling all of its SOL holdings and a portion of its BTC position on Sept. 29, then using the proceeds to buy about 38,102 HYPE. After the move, the company said it held about 232,900 HYPE worth roughly $20.1 million.
The company said it did not sell any of its pre-existing HYPE in the transaction. It described the adjustment as an increase in HYPE concentration within its digital asset treasury and said the move reflects continued confidence in Hyperliquid’s fundamentals and long-term potential.
Lion Group also pointed to several recent developments around Hyperliquid and HYPE, including the launch of a manual borrowing feature that allows users to borrow stablecoins against pledged HYPE or BTC, a record high in platform open interest at the end of September, HYPE’s listing on Binance spot, and staking support from Gemini for eligible U.S. customers. Even so, the company said it is not making any judgment on the future performance of Hyperliquid or HYPE.
Lion Group Holding, a U.S.-listed company, said on Sept. 30 that it had made a strategic adjustment to part of its digital asset treasury. The company said it sold all of its SOL holdings and part of its BTC holdings on Sept. 29, then used the proceeds to increase its HYPE position by about 38,102 tokens.
After the adjustment, Lion Group said it held about 232,900 HYPE with a position value of roughly $20.1 million. The company said the transaction did not involve selling any of its original HYPE holdings. It said the move raised HYPE’s concentration in its digital asset treasury and reflected its continued confidence in Hyperliquid’s fundamentals and long-term potential.
Lion Group also cited several recent developments tied to Hyperliquid. It said the platform recently launched a manual lending function that allows users to borrow stablecoins by pledging HYPE or BTC. It also said Hyperliquid’s open interest reached a new high at the end of September. In addition, HYPE has been listed for spot trading on Binance and has received staking support from Gemini for eligible U.S. customers.
The company added that it is not making any judgment about the future performance of Hyperliquid or HYPE.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
