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#BTC , LION Group Holdings, a financial company registered on NASDAQ, has officially launched an ambitious strategy for its $600 million encryption reserve, announcing the completion of its first purchase of $2 million worth of Hyperliquid #sol HYPE# HYPE Token.
According to the company's statement, the average price for this acquisition was $37.30 per Token, making HYPE the first asset selected for the company's new reserve plan. This move follows the initial closing of $11 million in a broader $600 million convertible bond issuance by the company.
"The company has completed its first strategic acquisition in Hyperliquid (HYPE)," Lion Group confirmed that this is a foundational step in its long-term encryption allocation strategy.
More purchases are expected: SUI and Solana are under attention.
While focusing entirely on HYPE during the first allocation, the Lion Group stated that they will acquire Solana (SOL) and Sui (SUI) in the upcoming allocation. The company plans to invest at least 75% of its net income into these three assets, further strengthening its commitment to building a diversified encryption investment portfolio.
Lion Group emphasizes that this strategy reflects a targeted and structured approach to building digital reserves that may improve the long-term stability of the balance sheet. The company did not disclose a specific timeline for additional purchases but confirmed that it is actively planning further allocations.
Strategic diversification through digital assets
Through this announcement, Lion Group joins the ranks of an increasing number of listed companies that will use blockchain-based assets as strategic reserve components. Although the initial focus is on HYPE, SOL, and SUI, the company can expand its scope through the development of reserve plans.
Through this move, Lion Group indicates that institutional acceptance of emerging encryption assets (besides Bitcoin and Ethereum) is on the rise, which is also part of its forward-looking financial strategy.