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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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Essay Content Directio
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Lion Group invested 5 million USD to acquire HYPE, SOL, and SUI as a reserve strategy.
On July 1st, the NASDAQ-listed company Lion Group Holding Ltd. (stock code: LGHL) announced that it has completed the purchase of approximately $5 million in crypto assets as part of its next generation Layer-1 financial reserve strategy, which will be implemented by June 30, 2025. As of June 30, the company holds 79,775 Hyperliquid (HYPE) tokens, 6,629 Solana (SOL) tokens, and 356,129 Sui (SUI) tokens.
Wilson Wang, CEO of Lion Group Holding, stated that the company believes these three tokens are at the intersection of execution capability, scalability, and practicality, which will create the greatest value in the Web3 space. The company is evaluating further ways to participate in these ecosystems, including validator operations, governance participation, and ecosystem partnerships.