US-listed Lion Group completes $2 million HYPE token acquisition
According to Jinse Finance, Lion Group Holding Ltd. (NASDAQ: LGHL) announced today that it has completed its first acquisition of Hyperliquid (HYPE) tokens, purchasing $2 million worth of tokens at an average price of approximately $37.30 per token. This move marks the official launch of the company’s previously announced $600 million convertible debt financing plan, with the first tranche of $11 million already completed. LGHL plans to allocate the majority of the funds to expand its token reserves, including further purchases of HYPE, Solana (SOL), and Sui (SUI). Under the terms of the agreement, at least 75% of the net proceeds from each subsequent financing round will be used for token acquisitions, while the remaining funds will support crypto business operations and on-chain projects.
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