Lion Group Holding (LGHL), based in Singapore, a financial and trading service platform, obtained a financial installation of $ 600 million to support the launch of its cash strategy, which will be centered on the hyperliquid media token.
The investment feeds the vision of Lion Group Hold to build what it claims will be the largest treasure of media in the world. In particular, this decision sparked a two -figure increase in the company’s equity prices.
The financial institution commits $ 600 million to a token media token treasure
According to the press release, the company plans to use the funding received from ATW partners to adopt the media threshing as a reserve principal.
“The hyperliquid represents a natural extension of the existing derived decentralized decentralized decentralism activity, and reflects our conviction that decentralized execution is the future of trading. We consider protocols as media threshing, with a decentralized sequencing, as a fundamental for the construction of evolutionary defect systems, “said Wilson Wang, CEO of Lion Group Holding, said.
Lion Group Holding also plans to introduce a new generation layer 1 cash reserve, supported by Solana (soil) and Su (sui), in addition to media threshing. Sol et Su surrender will be safe and dotted with validators managed by Bitgo, a digital asset trust company.
Wang described the two assets as “key pillars” in the company’s cash strategy, which is focused on execution protocols.
“We can also allocate to Solana (soil), a leader in consumer-oriented applications, and sui (sui), a efficient and component layer-1 with a recent support from World Liberty Financial by Eric Trump,” he added.
The company plans to close the first part of the funding, or $ 10.6 million, within 48 hours of the announcement. It should be noted that the launch of the media threshing treasure coincided with the company restarting its cryptographic operations.
In addition to its cash strategy, the company plans to integrate the exposure of cryptography into its existing products. It also aims to extend access to emerging digital assets by taking advantage of the institutional quality infrastructure.
“Our strategic evolution towards digital assets represents a fundamental evolution of the way in which we approach the growth, capital allowance and product development,” noted Wang.
The moving of the treasure of the braking of Lion Group Hold Hold follows a similar announcement by Eyenovia. This ophthalmic technology company has revealed its intention to invest $ 50 million in media as a business reserve ratio.
This announcement led to an increase of 134.6% of Eyenovia’s shares. Meanwhile, LGHL experienced a more modest increase.
Yahoo Finance data has shown that the price had increased by 19.78%, closing to $ 3.33 on June 18. However, LGHL dropped from $ 3.9% in exchange after opening hours.
The company also explores secondary announcements to the Tokyo Stock Exchange and Singapore Exchange to extend its global presence.
Non-liability clause
In membership of the Trust project guidelines, Beincrypto has embarked on transparent impartial reports. This press article aims to provide precise and timely information. However, readers are invited to check the facts independently and consult a professional before making decisions according to this content. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
