LGHL Announces Acquisition of Bitcoin Following the Subsequent Closing under $600 Million Facility

Lion Group Holding (NASDAQ: LGHL) announced on December 11, 2025 the acquisition of 88.49 Bitcoin (BTC) for $8.0 million, completed following the subsequent closing under a $600 million convertible note facility.

Rhea-AI Summary

Lion Group Holding (NASDAQ: LGHL) announced on December 11, 2025 the acquisition of 88.49 Bitcoin (BTC) for $8.0 million, completed following the subsequent closing under a $600 million convertible note facility.

LGHL said the purchase is part of a strategy to diversify and strengthen its digital-asset treasury and to position Bitcoin as a core reserve asset. As of the same date, LGHL reported treasury holdings of 88.49 BTC, 194,727 Hyperliquid (HYPE) tokens and 10,820 Solana (SOL) tokens. The company said it will provide periodic updates as it manages its treasury reserve.

Argus Dec 11 session

-3.12% close to close Open Argus

Details

News Market Reaction – LGHL

On Dec 11, the day this news came out, LGHL closed 3.12% below the previous close.

Data tracked by StockTitan Argus for the Dec 11 session.

Key Figures

Bitcoin purchase value: $8 million Bitcoin acquired: 88.49 BTC Hyperliquid holdings: 194,727 HYPE tokens +5 more

Bitcoin purchase value

$8 million

Used to acquire 88.49 BTC for treasury under note facility

Bitcoin acquired

88.49 BTC

Added to LGHL digital assets treasury as of Dec 11, 2025

Hyperliquid holdings

194,727 HYPE tokens

Current treasury balance disclosed in this release

Solana holdings

10,820 SOL tokens

Current treasury balance disclosed in this release

Convertible note facility

$600 million

Maximum senior secured convertible notes under Securities Purchase Agreement

Registered Class A shares

14,580,732,500 shares

Covered by amended F-3 resale registration

Registered ADSs

5,832,293 ADSs

Resale by selling securityholder; 1 ADS = 2,500 Class A shares

Private placement gross proceeds

$9,984,000

Raised in prior convertible note-related financing on Dec 4, 2025

Historical Context

5 past events · Latest: Dec 04

5 events

1. Dec 04

   Crypto financing

   24h Move

   -16.0%

   Convertible note facility to fund Bitcoin purchases for the corporate treasury.

2. Nov 19

   ADS ratio change

   24h Move

   -8.1%

   One-for-thirteen reverse ADS split via ADS ratio change announcement.

3. Sep 11

   Treasury reallocation

   24h Move

   -13.5%

   Completed exchange of SUI into HYPE tokens to reshape digital asset mix.

4. Sep 08

   Treasury strategy

   24h Move

   +11.1%

   Plan to convert SOL and SUI into HYPE following new institutional custody.

5. Jul 23

   Crypto acquisition

   24h Move

   -8.5%

   Additional SUI purchases lifting total crypto treasury investment to $9.6M.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

convertible note facility, digital assets treasury

2 terms

convertible note facility financial

"following the closing of its previously announced subsequent transaction under a convertible note facility"

A convertible note facility is a financing arrangement where a company borrows money from investors with the agreement that the loan can later be converted into shares or ownership in the company. This setup allows investors to potentially benefit from the company's future growth, making it an appealing way to invest early in a business while giving the company flexible funding.

digital assets treasury financial

"as part of its ongoing strategy to diversify and strengthen its digital assets treasury"

A digital assets treasury is the pool of cryptocurrencies, stablecoins and other blockchain-based tokens that a company holds and manages as part of its cash and reserves—think of it as replacing part of a traditional cash safe with digital money. Investors care because these holdings can boost returns or provide liquidity and new financing options, but they also introduce price swings, custody challenges and regulatory risk that can quickly change a company’s financial picture.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SINGAPORE, Dec. 11, 2025 /PRNewswire/ -- Lion Group Holding Ltd. (NASDAQ: LGHL) ("LGHL" or the "Company"), a leading operator of an all-in-one trading platform, today announced the acquisition of 88.49 units of Bitcoin (BTC) in $8 million, following the closing of its previously announced subsequent transaction under a convertible note facility, as part of its ongoing strategy to diversify and strengthen its digital assets treasury. This move underscores LGHL's commitment to positioning Bitcoin as a core reserve asset within its portfolio, capitalizing on its status as the premier digital currency and store of value in the evolving global financial landscape.

As of December 11, 2025, LGHL's treasury holdings include:

• Bitcoin (BTC): 88.49 tokens
• Hyperliquid (HYPE): 194,727 tokens
• Solana (SOL): 10,820 tokens

"Bitcoin stands as the undisputed cornerstone of the digital asset ecosystem, offering unmatched security, scarcity, and global adoption that continue to drive its long-term value proposition," said Wilson Wang, CEO of LGHL. "With this strategic acquisition of 88.49 BTC, we are not only fortifying our treasury against macroeconomic uncertainties but also aligning our platform's innovation with the foundational asset that powers the future of finance. We remain bullish on BTC's trajectory and see it as an essential pillar for sustainable growth in our trading operations."

LGHL remains committed to exploring strategic opportunities within the digital asset space and will provide periodic updates as it continues to grow and manage its treasury reserve.

About Lion Group Holding Limited:

Lion Group Holding Ltd. (Nasdaq: LGHL) operates an all-in-one, state-of-the-art trading platform that offers a wide spectrum of products and services, including (i) total return swap (TRS) trading, (ii) contract-for-difference (CFD) trading, and (iii) Over-the-counter (OTC) stock options trading. Additional information may be found at http://ir.liongrouphl.com.

Forward-Looking Statements:

This press release contains, "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Lion's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, statements about: Lion's goals and strategies; our ability to retain and increase the number of users, members and advertising customers, and expand its service offerings; Lion's future business development, financial condition and results of operations; expected changes in Lion's revenues, costs or expenditures; competition in the industry; relevant government policies and regulations relating to our industry; general economic and business conditions globally; proposed crypto asset management operations; and assumptions underlying or related to any of the foregoing. Lion cautions that the foregoing list of factors is not exclusive. Lion cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Lion does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law. Additional information concerning these and other factors that may impact our expectations and projections can be found in Lion's periodic filings with the SEC, including Lion's Annual Report on Form 20-F for the fiscal year ended December 31, 2024. Lion's SEC filings are available publicly on the SEC's website at www.sec.gov.

Contacts
Lion Group Holding Ltd.
Tel: +65 8877 3871
Email: ir@liongrouphl.com

View original content:https://www.prnewswire.com/news-releases/lghl-announces-acquisition-of-bitcoin-following-the-subsequent-closing-under-600-million-facility-302638663.html

SOURCE Lion Group Holding Ltd.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did LGHL announce on December 11, 2025 regarding Bitcoin?

LGHL announced the purchase of 88.49 BTC for $8.0 million following a subsequent closing under a $600 million convertible note facility.

How much did LGHL spend to acquire 88.49 BTC (NASDAQ: LGHL)?

LGHL reported spending $8.0 million to acquire 88.49 BTC on December 11, 2025.

What are LGHL's reported treasury holdings as of December 11, 2025?

LGHL reported treasury holdings of 88.49 BTC, 194,727 HYPE tokens and 10,820 SOL tokens.

How was LGHL's Bitcoin acquisition funded on December 11, 2025?

The company said the acquisition followed a subsequent closing under a $600 million convertible note facility.

Does LGHL say why it bought Bitcoin on December 11, 2025?

LGHL said the purchase is part of a strategy to diversify and strengthen its digital-asset treasury and to position Bitcoin as a core reserve asset.

Will LGHL provide updates on its digital-asset treasury after the December 11, 2025 purchase?

Yes. LGHL said it will provide periodic updates as it continues to grow and manage its treasury reserve.