Update of June 19, 1:58 p.m. UTC: This article was updated to include comments from Bitget Wallet CMO.
The Lion Group group of Lion Holding (LGHL) establishes a cryptocurrency cash reserve of $ 600 million, with the hyperliquid token (media threshing) as the main asset, signaling an increasing institutional interest in altcoins beyond Bitcoin.
The Singapore-based commercial platform said that it had obtained an installation of $ 600 million from Atw Partners to finance the launch of its Treasury-Trésor initiatives and other Blockchain initiatives. According to the company, $ 10.6 million in the capital will be deployed by Friday.
The hyperliquid token will serve as a “primary reserve active” of the reserve asset of the Treasury of layer 1 (L1) of the company, which will also include the Solana (soil) and sui (Sui) tokens.
“Hyperliquid represents a natural extension of the existing decentralized decentralized decentralization activity, and reflects our conviction that ONCHAIN’s decentralized execution is the future of trading,” said Wilson Wang, CEO of LGHL in an announcement on Thursday.
“We consider protocols as the media, with a decentralized sequencing, as a fundamental to building scalable deffi systems,” he added.
The company has cited Solana’s domination in consumer -oriented cryptographic applications and the recent support of Su sur World Liberty Financial as key factors in its selection of Altcoin.
Suis has associated with the World Liberty Financial (WLFI), supported by the Trump family (WLFI), which saw the token included in WLFI’s “macro strategy” reserve, three months after an interview in December revealed that Eric Trump had held SU.
The shareholders received the Crypto Reserve News with optimism, the Lion group’s share price raising almost 20% on the daily graph after the announcement to negotiate $ 3.33 at the time of the editorial staff, according to Google Finance Data.
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The treasure of business altcoin are gaining ground
The commitment of $ 600 million to the cryptographic treasury marks a significant change in business appetite for altcoins, told Cointelegraph Jamie Elkaleh, managing director of Bitget Wallet, adding: Adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding
“Contain tokens like soil or sui does not concern digital gold; it is a question of betting on networks rich in transaction and developers who feed cases of use of the consumer and concern.”
“It is not only the management of the Treasury – it is the participation of the ecosystem,” said Elkaleh, adding that more and more companies will seek to actively participate in the crypto, rather than obtaining a passive exhibition.
The launch of the Treasury occurs the same day, another company listed at NASDAQ, Eyenovia, announced its own hyperliquid reserve. Max Giege, director of Merenti Capital, called the media “the digital asset best positioned for the future” and praised the trading model fully Inchain and without friction of the protocol.
“It is rare that the incentives of a native token really follow the success of the network.
“Threshing media is the best positioned digital asset for the future, and Eyenovia will effectively seize this value for shareholders,” he added.
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More and more companies are announcing business cash plans, including companies in traditional industries.
On June 11, Interactive Strength, a manufacturer of fitness equipment classified in NASDAQ, announced an increase of $ 500 million to acquire Fetch.ai (FET) tokens and establish the largest corporate AI token treasure in the world, according to the firm.
Atw Partners was also one of the first Treasury investors of $ 500 million in Interactive Force. Atw Partners and DWF Labs made a collective investment of $ 55 million in the fitness manufacturer, who was already used to acquire FET tokens.
Elsewhere, the engineering group listed at NASDAQ increased its 52%Bitcoin Treasury (BTC), exceeding 100 BTC bought for a total of more than $ 10 million, Cointelegraph reported on Tuesday.
https://www.youtube.com/watch?v=EF3WCSS75QY
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