Nasdaq-Listed Lion Group (LGHL) Plans to exchange all its sun and sui holdings for hype -tokens.
The Singapore-based trading platform operator aims to utilize the launch of detention services for the hyperliquid ecosystem in the US by Digital Asset Custodian Bitgo.
Lion Group said it is planning to optimize its crypto portfolio using the Hyperliquid Layer-1 network’s decentralized eternal futures exchange features in a message Monday.
The company began acquiring the hype -tokens in late June after he previously announced his Hyperliquid Treasury Initiative. At that time, however, Lion Group said it was planning to continue to acquire sun and sui.
Lion Group CEO Wilson Wang described Hyperliquid as “the most compelling option in decentralized funding with its order book and effective trade infrastructure.”
“By moving our stocks from sun and sui to hype through a disciplined accumulation process, we aim to improve portfolio efficiency and place the company for sustained growth in the crypto sector,” he added.
At the time of writing, hype is priced at $ 51.39, 9% higher over the past 24 hours.
LGHL shares traded at $ 1.25 of noon on the East Coast Monday, a fall of 7.4% a day.
