US stock Lion Group plans to gradually replace existing SOL and SUI positions with HYPE

BlockBeats News, September 8, according to official news, integrated trading platform operator Lion Group Holding Ltd. (NASDAQ: LGHL) announced today that it plans to replace all its existing Solana (SOL) and Sui (SUI) assets with Hyperliquid (HYPE). The move follows BitGo Trust’s launch of institutional-level HYPE Ethereum virtual machine hosting solution in the United States, aiming to optimize the company’s cryptocurrency portfolio by leveraging Hyperliquid’s high-performance Layer 1 blockchain and decentralized perpetual contract exchange capabilities. As part of this asset restructuring, Lions Group will adopt a progressive position building strategy to gradually convert SOL and SUI positions into HYPE. This strategy reduces the average acquisition cost by grasping market volatility and accumulates HYPE positions at the optimal price. This move reflects the company's commitment to prudent risk management and long-term value creation in the evolving digital asset field. BlockBeats Note: The announcement did not announce the specific holdings of its SOL and Sui, nor did it announce the current holdings of its HYPE. Earlier the company announced on June 19 that it had received $600 million in financing to launch the HYPE treasury strategy.