Nasdaq-listed financial services firm Lion Group Holdings (LGHL) has announced a major strategic pivot in its $600 million cryptocurrency treasury allocation. The company, which initially diversified into Hyperliquid (HYPE), Solana (SOL), and Sui (SUI) in June, will now swap all its existing SOL and SUI holdings for HYPE tokens.
As of July, Lion Group held approximately 129,000 HYPE, 6,629 SOL, and 1.01 million SUI. The firm also plans to make additional HYPE purchases based on future price fluctuations to lower its average entry price, indicating a disciplined accumulation strategy rather than a one-time swap.
CEO Wilson Wang stated: "We believe Hyperliquid represents the most attractive opportunity in the decentralized finance space with its on-chain order book and efficient trading infrastructure. By shifting our assets from SOL and SUI to HYPE through a disciplined accumulation process, we aim to increase portfolio efficiency and position the company for sustainable growth in the crypto sector."
This move signals growing institutional interest in newer digital assets beyond Bitcoin and Ethereum, potentially influencing other institutional players to consider similar concentrated strategies in emerging crypto projects.