Two public firms announce plans to adopt HYPE as primary reserve asset for treasury

Lion Group Holding Ltd. (LGHL) and Eyenovia Inc. unveiled separate major financing moves this week to launch cryptocurrency treasury strategies centered on Hyperliquid’s HYPE token.

LGHL announced it has secured a $600 million facility to launch the first and largest HYPE treasury in Asia. The Singapore-based trading and financial services firm also revealed intentions to include Solana (SOL) and Sui (SUI) in the reserve as secondary reserve assets.

Custody and staking will be managed by BitGo Trust Company.

As part of its expansion, LGHL plans to evaluate secondary listings on the Tokyo Stock Exchange and Singapore Exchange to broaden its reach. CEO Wilson Wang said the move reflects the company’s conviction that decentralized on-chain execution is the future of trading.

Meanwhile, Eyenovia announced a $50 million private placement to build a reserve of HYPE, positioning itself as the first U.S.-listed company to add the crypto to its treasury.

The ophthalmic technology firm expects the transaction to yield about $150 million if warrants are fully exercised. The funding agreement enables Eyenovia to acquire over 1 million HYPE and participate as a top validator for the Hyperliquid network.

The company appointed Hyunsu Jung as Chief Investment Officer to oversee the treasury initiative.

Both announcements come amid broader adoption of major Layer-1 cryptos as treasury reserves by public companies seeking digital asset diversification and yield generation.

Eyenovia expects its private placement to close around June 20, pending customary approvals. LGHL did not specify a timeline but said its initiative marks the relaunch of its crypto operations after prior restructuring.