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OFA Group Enters MOU With Bitwise as Strategic Advisor for $100 Million Equity Facility to Support Cryptocurrency Treasury Management
Globenewswire· 2025-07-15 12:00
Core Viewpoint - OFA Group has entered into a committed equity purchase agreement for up to $100 million, with potential expansion to $200 million, to support its digital asset accumulation and long-term growth initiatives [1][2]. Equity Facility Details - The agreement allows OFA to issue and sell ordinary shares to Atsion over a 36-month period, with sales contingent on market conditions and regulatory approval [2]. - Proceeds from the equity line will primarily support OFA's cryptocurrency treasury strategy, focusing on Bitcoin (BTC), Solana (SOL), and Sui (SUI) [2]. Strategic Rationale and Shareholder Value Creation - The collaboration with Bitwise is seen as a significant milestone for OFA's growth strategy, enhancing capital flexibility and aligning treasury allocations with shareholder value creation [3]. - The equity facility is expected to facilitate a disciplined treasury management approach and expand OFA's institutional presence in the digital asset ecosystem [3]. Benefits of Crypto Treasury - Capital Efficiency: Enhances return on capital while maintaining liquidity and balance sheet strength [5]. - Portfolio Diversification: Crypto assets provide a differentiated return profile and act as a hedge against inflation [5]. - Innovation Leadership: Aligning capital strategy with emerging financial technologies strengthens OFA's position in the market [5]. - Investor Engagement: The initiative aims to attract a broader base of investors, increasing trading volume and shareholder visibility [5]. - Strategic Optionality: A crypto treasury opens new pathways for product innovation and blockchain-based collaborations [5]. Company Overview - OFA Group provides comprehensive architectural services and is committed to integrating AI technologies to enhance its design services [6].
LGHL Purchases Additional HYPE, Reaches $7 Million in Aggregate Purchases for Treasury Reserve
Prnewswire· 2025-07-07 12:30
Group 1 - Lion Group Holding Ltd. has purchased additional HYPE tokens, reaching approximately $7 million in combined purchases of HYPE, SOL, and SUI for its treasury reserve [1] - The treasury holdings as of July 7, 2025, will be updated periodically as the company expands its treasury reserve [2] - The company operates a comprehensive trading platform offering various products and services, including total return swap trading, contract-for-difference trading, over-the-counter stock options trading, and futures and securities brokerage [3] Group 2 - The company holds 128,929 HYPE tokens, 6,629 SOL tokens, and 356,129 SUI tokens [6]
LGHL Reaches $5 Million in HYPE, SOL, and SUI Purchases for Treasury Reserve
Prnewswire· 2025-06-30 08:00
Core Insights - Lion Group Holding Ltd. has achieved approximately $5 million in combined purchases of HYPE, SOL, and SUI for its treasury reserve, marking a significant milestone in its multi-chain treasury strategy [1][2] - The CEO of Lion Group Holding Ltd. emphasized that HYPE, SOL, and SUI are positioned at the intersection of execution, scalability, and utility, which are critical for value accumulation in the Web3 space [2] Treasury Holdings - As of June 30, 2025, the company holds 79,775 tokens of Hyperliquid (HYPE), 6,629 tokens of Solana (SOL), and 356,129 tokens of Sui (SUI) [7] - The company is exploring further involvement in these ecosystems, including validator operations, governance engagement, and ecosystem partnerships [2] Company Overview - Lion Group Holding Ltd. operates a comprehensive trading platform that offers a variety of products and services, including total return swap (TRS) trading, contract-for-difference (CFD) trading, over-the-counter (OTC) stock options trading, and futures and securities brokerage [4]
LGHL Completes Initial HYPE Purchase Following the First Closing under $600 Million Facility
Prnewswire· 2025-06-26 12:30
Core Insights - Lion Group Holding Ltd. has completed its initial acquisition of Hyperliquid (HYPE) tokens, marking the first strategic purchase under its HYPE treasury initiative [1][2] - The acquisition aligns with the company's commitment to building a next-generation layer-1 treasury, viewing HYPE as a foundational asset in decentralized finance [2] - The company has closed $11 million in principal amount under a $600 million convertible debenture facility, with plans for further token acquisitions using net proceeds [2][3] Financial Details - The company acquired HYPE tokens for $2 million at an average price of approximately $37.30 per token [7] - At least 75% of net proceeds from future closings of the convertible debenture facility will be allocated to token acquisitions for the treasury reserve [3] - The remaining funds will support broader crypto operations, on-chain initiatives, and working capital [3] Company Overview - Lion Group Holding Ltd. operates a comprehensive trading platform offering various products and services, including total return swap trading, contract-for-difference trading, OTC stock options trading, and futures and securities brokerage [4]