Lion Group raised 9.98 million US dollars, allocating 8 million US dollars to the Bitcoin Treasury

2025-12-05 01:13:44

Abstract generation in progress

Lion Group Holding Ltd. (NASDAQ: LGHL) announced a $9.98 million private placement deal, of which approximately $8 million will be used to purchase Bitcoin for the company’s reserve fund. The capital raise was executed through an amended securities purchase agreement and a convertible bond structure, reflecting the view that the current market presents a good opportunity to buy BTC.

CEO Wilson Wang stated that adding Bitcoin aims to strengthen the balance sheet with a liquid, widely recognized asset, while also complementing investments in the Hyperliquid (HYPE) ecosystem and other digital assets. The deal is expected to close around December 5, 2025, with Chardan acting as the placement agent. Lion affirmed this as a long-term digital asset reserve strategy, though acknowledged volatility risks—a factor that caused LGHL shares to drop 15.77% to $4.38 as the market reacted cautiously.

BTC-1.94%

HYPE-7.14%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.