Lion Group Holding Unleashes $600M War Chest for Aggressive HYPE Treasury Strategy
Another day, another nine-figure crypto play—but this one's got teeth.
Lion Group Holding just dropped $600 million into what they're calling a 'HYPE treasury strategy.' Because nothing says prudent financial management like naming your fund after internet slang.
The move signals institutional players are still hungry for crypto exposure—even after last year's regulatory bloodbath. Whether this capital injection fuels innovation or just another speculative bubble remains to be seen.
One thing's certain: when traditional finance adopts meme culture, the market's either evolving or unraveling. Place your bets.
LGHL eyes Hyperliquid (HYPE) treasury with initial $600m
According to Lion Group, the objective is clear: build the largest Hyperliquid treasury in the world. Eyenovia has expressed similar ambitions, hinting at a potential race to become the “Strategy of HYPE.”
Michael Saylor’s Strategy (formerly MicroStrategy) remains the top corporate holder of Bitcoin (BTC) on its balance sheet among publicly-listed companies. The U.S.-based firm has inspired a whole range of BTC treasury firms – with Ethereum, XRP and Solana now seeing similar trends.
Hyperliquid is the latest token to capture attention. LGHL is relaunching its crypto operations to align with its entry into the DeFi ecosystem, noting in a press release:
The company is relaunching its crypto operations amid the quest to tap into the decentralized finance ecosystem, LGHL noted in a press release.
“Hyperliquid represents a natural extension of LGHL’s existing derivatives business into decentralized markets, and reflects our conviction that decentralized on-chain execution is the future of trading,” Wilson Wang, chief executive officer of LGHL, said. “We view protocols like HYPE, with decentralized sequencing, as foundational to building scalable DeFi systems.”
The company is also considering secondary listings on the Tokyo Stock Exchange and Singapore Exchange, which WOULD make it the first HYPE treasury firm publicly listed in Asia.
LGHL also eyes Solana, Sui treasury initiaives
According to Lion Group Holding CEO Wilson Wang, the launch of the HYPE treasury isn’t the company’s only plan. An on-chain vision also includes treasury reserves built with other layer-1 tokens.
That means plans for the strategic accumulation of solana (SOL) and Sui (SUI). If this happens, the company will use BitGo to custody and stake its SOL and SUI.
“We may also allocate to Solana (SOL), a leader in consumer-facing applications, and Sui (SUI), a performant, composable layer-1 with recent backing from Eric Trump’s World Liberty Financial – both forming key pillars to our treasury strategy focused on execution-first protocols,” Wang noted.
SOL is the sixth largest cryptocurrency by market cap with over $76 billion. Meanwhile, HYPE and SUI are currently the 11th and 12th largest with $12.9 billion and $9.4 billion respectively.
