Lion Group is converting its Solana (SOL) and Sui (SUI) holdings into Hyperliquid’s native token, HYPE, via a disciplined, gradual accumulation strategy to reduce acquisition cost and boost portfolio efficiency while capitalizing on institutional custody and market volatility.
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Key point 1 — Lion Group will swap 6,629 SOL and 1,000,000+ SUI into HYPE gradually.
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Key point 2 — The move aims to lower average cost and take advantage of institutional custody (BitGo) and market timing.
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Key point 3 — Lion Group holds >128,000 HYPE now; a full conversion could add ~96,000+ HYPE at current prices.
Meta description: Lion Group converts Solana and Sui holdings into HYPE to boost treasury efficiency and leverage institutional custody—read details and market impact now.
What is Lion Group converting from Solana and Sui into HYPE?
Lion Group is exchanging its Solana (SOL) and Sui (SUI) holdings into Hyperliquid’s HYPE token through a staged accumulation plan. The Nasdaq-listed trading platform intends to convert 6,629 SOL and over one million SUI over time to optimize average acquisition cost and increase portfolio efficiency.
How will Lion Group execute the conversion to HYPE?
Lion Group said it will convert its SOL and SUI gradually, “taking advantage of market volatility and accumulating HYPE at optimal prices.” The company cited institutional HYPE custody becoming available in the U.S. as a catalyst for the shift. Lion Group’s disciplined accumulation aims to reduce average purchase price while maintaining market exposure.
Nasdaq-listed Lion Group currently holds 6,629 Solana and over one million Sui and plans to gradually convert it all into Hyperliquid tokens.
Nasdaq-listed trading platform Lion Group Holding has announced plans to shift its entire stash of Sui and Solana into HYPE, the native token of the Hyperliquid blockchain.
The Singapore-based trading platform said in a statement on Monday that it plans to exchange its Solana (SOL) and SUI (SUI) gradually over time to lower the average acquisition cost by “taking advantage of market volatility and accumulating HYPE at optimal prices.”
Lion Group CEO Wilson Wang said the company’s shift to hold all Hyperliquid (HYPE) “through a disciplined accumulation process,” would “enhance portfolio efficiency,” and position the platform for “sustained growth.”
At the same time, the firm said the shift to hold HYPE is a bid to capitalize on the launch of institutional HYPE custody solutions in the United States by crypto custodian BitGo.
The move comes as HYPE hit a new all-time high, tapping $51.84 for the first time on Monday, according to CoinGecko. Source: CoinGecko
Why does Lion Group see Hyperliquid as a strategic treasury asset?
Lion Group believes Hyperliquid’s on-chain order book and trading infrastructure make HYPE a high-conviction DeFi opportunity. Management highlights expected efficiency gains and institutional custody options as primary drivers for concentrating its treasury exposure in HYPE.
$600 million crypto treasury
Lion Group in June said it secured a $600 million facility from ATW Partners to fund the launch of its crypto treasury with a focus on HYPE and other altcoins, citing the inclusion of SOL because of its dominance in consumer-facing crypto apps and SUI’s backing from World Liberty Financial.
The company’s SOL holdings are around 6,629 tokens, worth over $1.4 million, making it sixth on CoinGecko’s list of SOL treasury companies. Source: CoinGecko
Lion Group is listed as having the sixth-largest SOL treasury by CoinGecko. Source: CoinGecko
Lion Group also has over one million SUI tokens worth $3.5 million. If Lion Group sold its SOL and SUI at current prices, they could buy more than 96,000 HYPE, adding to its current stash of more than 128,000 HYPE.
“We believe Hyperliquid represents the most compelling opportunity in decentralized finance, with its onchain order book and efficient trading infrastructure,” Wang said.
How did markets react to the HYPE plan?
Lion Group’s stock price responded positively, rising more than 11% in the trading session after the announcement. In after-hours activity the shares continued higher, gaining another 10% to trade at $1.65.
Lion Group Holdings’ stock price has gained over 20% total. Source: Google Finance
Related: Crypto treasuries set for ‘bumpy ride’ as premiums narrow: NYDIG (mentioned as plain text)
Are other companies also accumulating HYPE?
Yes. Hyperliquid Strategies (formerly Sonnet BioTherapeutics) announced plans to hold 12.6 million HYPE in July. US-based biotech firm Hyperion DeFi (previously Eyenovia) announced its Hyperliquid reserve in June and has acquired over 1.5 million tokens. These corporate treasuries indicate growing institutional interest in HYPE.
Frequently Asked Questions
How many SOL and SUI does Lion Group hold?
Lion Group holds about 6,629 SOL (approx. $1.4 million) and over one million SUI (approx. $3.5 million), which the company plans to convert gradually into HYPE.
Will Lion Group sell SOL and SUI all at once?
No. The company said it will convert assets over time to reduce average acquisition cost and take advantage of market volatility, not via a single block sale.
Key Takeaways
- Strategic shift: Lion Group will convert SOL and SUI reserves into HYPE through staged purchases.
- Institutional custody: The availability of BitGo custody in the U.S. is a key catalyst.
- Market impact: The announcement pushed Lion Group’s stock higher and underscores institutional treasuries accumulating HYPE.
Conclusion
Lion Group’s decision to concentrate its crypto treasury in HYPE signals a bet on Hyperliquid’s on-chain trading model and growing institutional support. The phased conversion of 6,629 SOL and over one million SUI aims to lower acquisition costs while positioning the company for future growth. Watch custody rollouts and treasury updates for the next benchmarks.
