Lion Group (LGHL) said it will convert all of its remaining SOL and SUI holdings into HYPE tokens, accelerating a treasury shift the company began in late June. The move follows the U.S. launch of custody services for the Hyperliquid ecosystem by digital-asset custodian BitGo, a milestone Lion says makes broader institutional participation more feasible.
According to the company, the reallocation is part of a deliberate Hyperliquid treasury initiative that aims to leverage the layer‑1 network’s decentralized perpetual futures exchange and on‑chain order book to improve portfolio efficiency. Lion Group said it will use a disciplined accumulation process as it replaces SOL and SUI with HYPE.
CEO Wilson Wang called Hyperliquid “the most compelling opportunity in decentralized finance,” highlighting its on‑chain order book and trading infrastructure as reasons for the shift. Lion Group began initial purchases in late June under a previously announced financing arrangement.
Market context: HYPE traded around $51.39, roughly 9% higher over the past 24 hours, while LGHL shares were near $1.25 midday on the U.S. East Coast, down about 7.4% on the day.
Why readers should care: the deal signals continued institutional interest in non‑Ethereum layer‑1 projects and highlights how custody availability can influence corporate treasury allocations. That said, investors should note the risks of concentration in a single token, token-price volatility, and operational dependence on third‑party custodians like BitGo.
Source: PR Newswire. Read the original coverage for full details.