Updated June 19, 1:58 pm UTC: This article has been updated to include comments from Bitget Wallet’s CMO.
Nasdaq-listed Lion Group Holdings (LGHL) has established $600 million in cryptocurrency reserves, while hyperliquidity (HYPE) tokens are its main asset, indicating an increasing number of institutional interests in Altcoins outside of Bitcoin.
The Singapore-based trading platform said it received $600 million from ATW Partners to fund its super-liquid launch (Hype) Token Finance Ministry and other blockchain programs. according to For the company, $10.6 million in capital will be deployed on Friday.
The hyper-current token will serve as the “main reserve asset” of the company’s Tier 1 (L1) Treasury assets, which will also feature Solana (sol) and sui (Sui) token.
“Super liquidity represents a natural expansion of LGHL’s existing derivatives business and reflects our firm belief that decentralized OnChain execution is the future of transactions,” said Wilson Wang, CEO of LGHL. announcement.
“We consider protocols such as HYPE, decentralized sequencing as the basis for building scalable Defi systems,” he added.
The company believes Solana’s dominance in consumer-facing crypto applications and SUI’s recent support from the world’s free finance are key factors in its alternative token choice.
Sui cooperates with it World Free Finance (WLFI), a Trump family-backed company, saw tokens in WLFI’s “macro strategy” token reserves on March 6, showing Eric Trump holds Sui Sui kens three months later in a December interview.
Shareholders received crypto reserve news with optimism, and the Lions Group’s share price soared nearly 20% on the daily chart at $3.33 as of writing, according to Conduct Google-funded data.
Related: “Apple should buy bitcoin,” Saller said.
Corporate altcoins treasury is gaining appeal
Jamie Elkaleh, chief chairman of Bitget Wallet, told Cointelegraph that the $600 million crypto fiscal commitment marks a major shift in the company’s appetite for Altcoins, adding:
“Holding tokens like SOL or SUI has nothing to do with digital gold; it’s about betting on a deal-heavy, developer-rich network that can power real consumers and Defi use cases.”
“It’s not just the finance administration, but the ecosystem involvement,” Elkaleh said, adding that more and more companies will want to actively participate in cryptocurrencies, not just gain passive exposure.
The Treasury press conference was launched on the same day, and another Nasdaq-listed company, Eyenovia, announced its own super-liquid reserves. Merenti Capital’s head Max Giege called Hype “the most suitable digital asset in the future” and commend The protocol’s completely frictionless trading model.
“There are few incentives for a local token that really track the success of the network.
He added: “Hype is the most suitable digital asset in the future and Eyenovia will effectively capture the value of shareholders.”
Related: James Wynn
More and more companies are announcing corporate financial plans, including companies from traditional industries.
On June 11, Interactive Strength, a fitness equipment manufacturer listed on Nasdaq, announced $500 million salary increase Get fetch.ai(FetAccording to the company, the token and established the world’s largest company, AI token, the Ministry of Finance.
ATW Partners is also one of the initial investors in Interactive Pronfect’s $500 million treasury. ATW Partners and DWF Labs have made a collective investment of $55 million in fitness maker, which has been used to acquire FET tokens.
elsewhere, Nasdaq listed genius group Added Bitcoin (BTCAccording to Cointelegraph on Tuesday, 52% of the Treasury Department exceeded 100 BTC, totaling more than $10 million.
https://www.youtube.com/watch?v=ef3wcss75Qy
Magazine: The U.S. has the potential to “go forward” on Bitcoin reserves in other countries: Samson Mow
