The $600 million treasury announcement came on the same day Nasdaq-listed ophthalmic technologies firm Eyenovia shared plans for a Hyperliquid token treasury.
Update June 19, 1:58 pm UTC: This article has been updated to include comments from Bitget Wallet’s CMO.
Nasdaq-listed Lion Group Holding (LGHL) is establishing a $600 million cryptocurrency treasury reserve, with the Hyperliquid (HYPE) token as its main asset, signaling a growing institutional interest in altcoins beyond Bitcoin.
The Singapore-based trading platform said it secured a $600 million facility from ATW Partners to fund the launch of its Hyperliquid (HYPE) token treasury and other blockchain initiatives. According to the company, $10.6 million of the capital will be deployed by Friday.
Read more