đš HYPE JUST GOT ANOTHER PUBLIC-MARKET TREASURY BET.
Nasdaq-listed Lion Group reportedly sold all of its SOL holdings and part of its BTC position on Sept. 29 to increase exposure to $HYPE.
The company used the proceeds to buy roughly 38,102 HYPE.
After the move, Lion Group held about 232,900 HYPE, worth roughly $20.1M at the time â and notably, it didnât sell any of its existing HYPE position.
That makes the signal pretty clear:
Less SOL.
Less BTC.
More HYPE.
Public companies are starting to make increasingly concentrated crypto treasury bets.
The question now is whether this becomes a one-off allocationâŠ
or the start of a broader HYPE treasury narrative. đ
$HYPE $BTC $SOL
#BitcoinClears$85200 #AltcoinSeasonIndexHoldsAbove60For5Days #BitcoinSlipsBelow$84000 #USADPAdds90000JobsInSeptember #USCorePCEEasesTo3%InAugust
Nasdaq-listed Lion Group reportedly sold all of its SOL holdings and part of its BTC position on Sept. 29 to increase exposure to $HYPE.
The company used the proceeds to buy roughly 38,102 HYPE.
After the move, Lion Group held about 232,900 HYPE, worth roughly $20.1M at the time â and notably, it didnât sell any of its existing HYPE position.
That makes the signal pretty clear:
Less SOL.
Less BTC.
More HYPE.
Public companies are starting to make increasingly concentrated crypto treasury bets.
The question now is whether this becomes a one-off allocationâŠ
or the start of a broader HYPE treasury narrative. đ
$HYPE $BTC $SOL
#BitcoinClears$85200 #AltcoinSeasonIndexHoldsAbove60For5Days #BitcoinSlipsBelow$84000 #USADPAdds90000JobsInSeptember #USCorePCEEasesTo3%InAugust
