Nasdaq-listed trading platform Lion Group Holding is selling its entire treasury of Sui and Solana to focus on Hyperliquid's HYPE token. The move, announced on Monday, aims to "enhance portfolio efficiency" and take advantage of market volatility by gradually accumulating HYPE at optimal prices.
Lion Group currently holds 6,629 SOL tokens (worth over $1.4 million) and over one million SUI tokens (worth over $3.5 million). The total value of these assets is about $4.9 million. According to the company, this strategic shift is a bet on Hyperliquid's decentralized finance infrastructure and the recent availability of institutional HYPE custody solutions in the United States through crypto custodian BitGo.
The news has been well-received by investors, with Lion Group's stock price jumping more than 11% during the trading session and an additional 10% in after-hours trading. Other companies, including Hyperliquid Strategies and Hyperion DeFi, have also recently announced their own plans to acquire HYPE tokens.
September 2025, Cryptoniteuae