Nasdaq-Listed Company Makes First Purchase in Surprise Altcoin for Which It Allocates $600 Million! Plans to Purchase Two More Altcoins!

Nasdaq-listed financial services firm Lion Group Holdings previously announced that it has completed its first acquisition as part of its $600 million cryptocurrency treasury strategy. According to the official statement, the company completed its first HYPE purchase of $2 million within the scope of the $600 million reserve plan. Lion Group also added that it will purchase more Hyperliquid (HYPE), Solana (SOL), and SUI. ” The company completed its first strategic acquisition in Hyperliquid (HYPE), making it the first strategic acquisition under its previously announced HYPE treasury initiative. HYPE tokens were purchased for $2 million at an average price of approximately $37.30. Additional acquisition plans are ongoing for HYPE, Solana (SOL) and Sui (SUI).” The HYPE acquisition follows the initial closing of $11 million principal amount of the company’s $600 million convertible note facility. Related News: A Huge Crypto Move Concerning Bitcoin (BTC), Ethereum (ETH) and Two Altcoins Came From a Chinese Company! Although the company is initially focusing on the HYPE token, Lion Group said it will also acquire Solana and Sui as part of its $600 million plan. At this point, the company plans to use a significant portion of the net proceeds to make additional HYPE, SOL and SUI acquisitions. Accordingly, based on current conditions, at least 75% of the net proceeds from each closing will be allocated to SUI, SOL and HYPE acquisitions for the company’s treasury reserve. *This is not investment advice. Continue Reading: Nasdaq-Listed Company Makes First Purchase in Surprise Altcoin for Which It Allocates $600 Million! Plans to Purchase Two More Altcoins!

Source: BitcoinSistemi