Lion Group Sells Remaining Solana and Part of Bitcoin to Buy HYPE
Crypto News Flash reports that Nasdaq-listed Lion Group sold its remaining Solana and part of its Bitcoin on Sept. 29, adding about 38,102 HYPE for a total near 232,900 tokens worth $20.1 million.
Why it matters
Lion is funding one token by selling crypto it already holds, so a listed company's reported treasury has narrowed to a single line rather than a spread of assets. Because Crypto News Flash is the only source and the Bitcoin amount is unstated, the scale of the shift cannot be confirmed from this evidence.
Key facts
Lion Group sold all of its remaining Solana and part of its Bitcoin holdings on Sept. 29 and directed the proceeds into HYPE.
38,102 HYPEReported by Crypto News Flash
The purchase brought Lion's total position to about 232,900 HYPE.
232,900 HYPEReported by Crypto News Flash
Lion valued the resulting HYPE position at $20.1 million when it announced the reallocation.
20,100,000 USDReported by Crypto News Flash
Lion had fully converted its SUI holdings into HYPE by September 2025.
Reported by Crypto News Flash
Lion launched its digital-asset treasury in June 2025 around three assets: HYPE, SOL and SUI, with HYPE designated the primary reserve asset.
Reported by Crypto News Flash
Lion cited the availability of institutional HYPE custody through BitGo when announcing the rotation of SOL and SUI holdings toward Hyperliquid.
Reported by Crypto News Flash
Lion completed that rotation three days after announcing it.
Reported by Crypto News Flash
What happened
Crypto News Flash reported that Nasdaq-listed Lion Group sold all of its remaining Solana and part of its Bitcoin on Sept. 29, putting the proceeds into HYPE. The purchase added about 38,102 HYPE and left Lion holding roughly 232,900 tokens, which the company valued at $20.1 million when it announced the reallocation. According to the outlet, the capital came from Lion's own crypto holdings rather than added cash, and the narrowing began in June 2025 when Lion launched a digital-asset treasury built around HYPE, SOL and SUI, with HYPE named the primary reserve asset. The outlet also reported that SUI had already been fully converted into HYPE by September 2025, when Lion announced it would rotate its SOL and SUI holdings toward Hyperliquid, gave institutional HYPE custody through BitGo as the reason, and completed that conversion three days later. Crypto News Flash is the only outlet in the desk's evidence covering this trade, and it gives no figure for how much Bitcoin was sold, at what price the HYPE was bought, or how the sale was executed.
How the story developed
- Update
Lion sells remaining Solana and part of Bitcoin for about 38,102 HYPE
The sale is dated Sept. 29 in the outlet's text, with the year not stated in the article; the position was reported at roughly 232,900 HYPE worth $20.1 million.
- First report
First report by Crypto News Flash
Lion Group Sells Solana and Bitcoin as HYPE Treasury Narrows
- Official statement
Lion launches digital-asset treasury around HYPE, SOL and SUI
The Nasdaq-listed company started with three assets and named HYPE the primary reserve asset, presenting the strategy as a broader bet on next-generation Layer-1 networks.
- Official statement
Lion announces rotation of SOL and SUI into HYPE and finishes it three days later
Institutional HYPE custody through BitGo was given as the reason for the rotation; SUI was reported as already fully converted into HYPE by September 2025.
Affected entities
Also mentioned: U.S. Securities and Exchange Commission, Binance, United States, Gemini
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto News Flash Crypto media | Lion Group Sells Solana and Bitcoin as HYPE Treasury Narrows | Original |
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