- BitGo launches institutional custody; LGHL aligns treasury strategy with secure storage, audit trails, and scalable settlement requirements globally.
- HYPE prints new all-time high at $51.84, later $53.94, up 6.8%; LGHL equity rises to $1.65 after-hours trading.
Lion Group Holding (LGHL) will rotate part of its treasury from Solana (SOL) and Sui (SUI) into Hyperliquid (HYPE). The company will not swap in one block. Instead, it will accumulate HYPE over time, using price swings to average entries and manage execution risk.
Chief executive Wilson Wang set the aim plainly. The firm seeks exposure to Hyperliquid’s Layer-1 chain and its on-chain order-book exchange for perpetual futures. He stated that a staged approach should raise portfolio efficiency while keeping trading slippage contained.
Market rails matter for custody. LGHL’s plan aligns with BitGo Trust’s new institutional solutions in the United States, which the firm views as required for secure storage and audit trails. The timing also meets a liquid tape: CoinGecko data show HYPE printed a new all-time high at $51.84 and then traded around $53.94, up 6.8% in 24 hours.
LGHL prepared balance-sheet capacity earlier this year
In June, it secured a $600 million facility from ATW Partners to support digital-asset purchases. Initial targets included HYPE, SOL, and SUI. As of press time, public trackers show LGHL held roughly 6,629 SOL (about $1.4 million) and more than one million SUI (about $3.5 million). At current prices, a full conversion of those positions would add roughly 96,000 HYPE to an existing 128,000-token stash.
“We believe Hyperliquid represents the most compelling opportunity in decentralized finance, with its on-chain order book and efficient trading infrastructure.” – Mr. Wilson Wang, CEO of LGHL, noted
Equity holders took notice. LGHL shares rose more than 11% during the latest session and climbed another 10% after hours to $1.65. Price action does not change the mechanics, though it signals investor approval of the treasury path.
From here, execution quality will decide outcomes. LGHL must source liquidity without moving the market, maintain custody discipline, and report holdings with clarity. If the accumulation plan meets those tests, the treasury mix will tilt toward HYPE as intended; if not, trading costs and timing could blunt the expected gains.
SUI is trading at $3.43, reflecting a 0.83% intraday decline, though it has gained 5.9% over the past week. The token’s market capitalization stands at approximately $12.24 billion, with a 24-hour trading volume exceeding $1.42 billion, pointing to active participation across top centralized exchanges. The current trading range, between $3.40 and $3.61, shows a mild retracement after recent gains, with consolidation developing around short-term support levels.
In project-related news, SUI-based Nemo Protocol suffered a $2.4 million exploit, primarily involving bridged USDC. The attacker reportedly used Circle’s bridge infrastructure to carry out the move. While the breach did not directly impact the core Sui chain, it has raised concerns around third-party application security within the network.
Sui-based yield protocol, Nemo, was exploited for ~$2.4M on Sept 8.
Funds were bridged from Arbitrum to Ethereum via Circle's CCTP.
Here's what we know and why EVM teams should pay attention.
Thread ↓ pic.twitter.com/H9uDtCQChC
— Wake (@WakeFramework) September 9, 2025
Shortly after the event, Lion Group Holdings, a Nasdaq-listed firm, announced the reallocation of its SUI and SOL holdings into the Hyperliquid (HYPE) asset. This move, according to the group, aims to optimize exposure to short-term volatility rather than long-term infrastructure plays.
