Lion Group Shares Climb on $600 Million Loan for Crypto Treasury

By Dean SealShares of Lion Group Holdings surged after the company said it has secured a $600 million credit facility to launch a crypto-backed treasury reserve.The stock was recently up 26% at $3.51 in midday trading. Shares are still down 63% since the start of the year.The trading platform focused on China and Southeast Asia said before the opening bell that the facility from ATW Partners will support the launch of its HYPE Treasury, which will be anchored by stores of the digital tokens Hyperliquid, Solana and Sui.The company has a strategic accumulation of Hyperliquid that will serve as its primary reserve asset, while the other two assets will be custodied and staked with validators managed by BitGo Trust."Hyperliquid represents a natural extension of LGHL's existing derivatives business into decentralized markets, and reflects our conviction that decentralized on-chain execution is the future of trading," Chief Executive Wilson Wang said.Write to Dean Seal at [email protected]