Lion Group liquidates SOL and reduces BTC holdings, increases HYPE holdings by approximately 38,102 tokens.

BlockBeats news, September 30 - U.S.-listed company Lion Group Holding announced a strategic adjustment to part of its digital asset treasury. The company sold all of its SOL holdings and part of its BTC holdings on September 29, and used the proceeds to increase its holdings by approximately 38,102 HYPE.

Following the adjustment, Lion Group holds approximately 232,900 HYPE, with a position value of approximately $20.1 million. The company stated that no original HYPE was sold in this transaction, and the adjustment further increased HYPE's concentration in its digital asset treasury, reflecting its continued confidence in Hyperliquid's fundamentals and long-term potential.

Lion Group also mentioned that Hyperliquid recently launched a manual lending feature allowing users to borrow stablecoins against HYPE or BTC collateral, the platform's open interest reached a new high at the end of September, HYPE has also been listed for spot trading on Binance, and received staking support from Gemini for eligible U.S. clients. However, the company stated it does not make judgments on the future performance of Hyperliquid or HYPE.