Lion Group Sets Up $600M Altcoin Treasury, Chooses HYPE Token as Core Asset

Nasdaq-listed Lion Group Holding (LGHL) is launching a $600 million cryptocurrency treasury, selecting the Hyperliquid (HYPE) token as its cornerstone asset in a move that underscores a shift in corporate strategy toward altcoins. The Singapore-based trading platform announced that it secured the funding from ATW Partners to establish the treasury and develop additional blockchain-related initiatives. Of the total amount, $10.6 million will be deployed by Friday, marking the first tranche of the investment. Hyperliquid to Anchor New Treasury Reserve The HYPE token will serve as the “primary reserve asset” within LGHL’s new treasury model, which also includes allocations in Solana (SOL) and Sui (SUI). Wilson Wang, CEO of LGHL, described the decision as a natural evolution of the firm’s existing derivatives focus. “Hyperliquid represents a natural extension of LGHL’s existing derivatives business into decentralized markets,” Wang stated. He added, “We view protocols like HYPE, with decentralized sequencing, as foundational to building scalable DeFi systems.” Why Solana and Sui Were Included Lion Group cited Solana’s strong presence in consumer-facing crypto applications as a major reason for its inclusion in the reserve. Meanwhile, Sui’s recent collaboration with Trump-affiliated World Liberty Financial (WLFI) added to its appeal. Sui was added to WLFI’s “Macro Strategy” token reserve in March, following public revelations that Eric Trump owns SUI tokens. Investors React Positively to Announcement Following the treasury announcement, LGHL’s share price jumped nearly 20% to $3.33, according to data from Google Finance. The sharp uptick reflects growing investor enthusiasm around corporate crypto initiatives, particularly those involving altcoins. Corporate Crypto Strategies Are Evolving The size and structure of LGHL’s treasury indicate a broader shift among corporates, according to Jamie Elkaleh, chief managing officer of Bitget Wallet. “Holding tokens like SOL or SUI isn’t about digital gold; it’s about betting on transaction-heavy, developer-rich networks that power real consumer and DeFi use cases,” he said. Elkaleh emphasized that this strategy marks a shift from passive exposure to active participation. “It’s not just treasury management — it’s ecosystem participation,” he noted. Other Firms Embrace Hyperliquid Strategy On the same day, another Nasdaq-listed company, Eyenovia, revealed it was establishing a Hyperliquid reserve of its own. Max Giege of Merenti Capital called HYPE “the best-positioned digital asset for the future,” praising its frictionless, onchain execution model. “It is rare that a native token’s incentives truly track the network’s success,” Giege said. “Eyenovia will effectively capture that value for shareholders.”

Source: CryptoIntelligence