NASDAQ-registered financial services company Lion Group Holdings has previously announced it has completed its first acquisition as part of its $600 million cryptocurrency financial strategy.
According to an official statement, the company has completed its first $2 million hype purchase within the scope of its $600 million reserve plan.
The Lion Group also added that it will buy more high lipids (hype), Solana (SOL), and SUI.
The company completed its first strategic acquisition with high lipids (hype), and is the first strategic acquisition based on the previously announced Ministry of Finance’s initiative.
The Hype token was purchased for $2 million for around $37.30 at an average price.
Hype, plans for additional acquisitions of Solana (SOL) and SUI (SUI) are underway. ”
The hype acquisition follows the initial $11 million principal closure of the company’s $600 million convertible note facility.
The company initially focuses on hype tokens, but Lion Group said it will also acquire Solana and SUI as part of its $600 million plan.
At this point, the company plans to use the majority of its net revenue to make additional hype, SOL and SUI acquisitions. Therefore, based on current terms, at least 75% of the net revenue from each closure will be allocated to the acquisition of SUI, SOL and hype of the company’s Treasury Reserve.
*This is not investment advice.
