Altcoins
|3 min ReadLion Group moves SOL and SUI into HYPE, stock jumps
Tariq Al-Saidi
Senior Analyst
Published
Jan 16, 2026
Nasdaq-listed Lion Group is going all in on Hyperliquid. The Singapore-based trading platform said it will convert its entire Solana and Sui holdings into HYPE, the native Hyperliquid token. The plan is to buy gradually. The aim is to use volatility and average in at better prices. Management calls it a disciplined accumulation process. They want portfolio efficiency. They want sustained growth. They see a clear path.
HYPE just printed a new all-time high. It tapped $51.84 on Monday, according to CoinGecko. BitGo launched institutional HYPE custody in the United States. Lion Group wants to ride that wave. The treasury is the spear.
The money and the math
Lion Group secured a $600 million facility from ATW Partners in June to build a crypto treasury focused on HYPE and other altcoins. They cited SOL for consumer app dominance. They cited SUI’s link to World Liberty Financial. The company holds about 6,629 SOL worth over $1.4 million, making it sixth on CoinGecko’s SOL treasury list, and over one million SUI worth $3.5 million. If they sell SOL and SUI at current prices, they could buy more than 96,000 HYPE. They already hold more than 128,000 HYPE.
CEO Wilson Wang put it plainly. The shift to hold all HYPE “through a disciplined accumulation process” will “enhance portfolio efficiency” and position the platform for “sustained growth.” He added, “We believe Hyperliquid represents the most compelling opportunity in decentralized finance, with its onchain order book and efficient trading infrastructure.” The company also pointed to institutional custody support from crypto custodian BitGo. The announcement came via PR Newswire.
The stock reacted fast. Shares closed more than 11 percent higher. After hours, they rose another 10 percent to $1.65. That is over 20 percent total.
The blueprint and the ripple
The strategy is simple. Sell legacy positions. Rotate into the chain you believe in. Use custody rails built for institutions. Accumulate with discipline. Let the market do the lifting when momentum hits fresh highs.
Lion Group is not alone. In July, Hyperliquid Strategies, formerly Sonnet BioTherapeutics, announced plans to buy and hold 12.6 million HYPE tokens. In June, Hyperion DeFi, previously Eyenovia, announced its own Hyperliquid reserve and has sin
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