Lion Group Holding shares jump 30.59% after-hours as $10M private placement funds Bitcoin purchase.

Lion Group Holding Ltd. surged 30.59% in after-hours trading following the announcement of a $10 million private placement, with $8 million of the net proceeds allocated to purchasing Bitcoin for corporate treasury. The move, aimed at capitalizing on a "market cooldown" in digital assets and enhancing treasury diversification, aligns with the company’s strategy to leverage Bitcoin’s liquidity and volatility for balance sheet flexibility. CEO Wilson Wang emphasized the strategic rationale, citing favorable accumulation conditions and Bitcoin’s growing adoption as a macro asset. Multiple press releases from reputable sources, including PRNewswire and Reuters, confirmed the financing and allocation plan, reinforcing investor confidence in the firm’s digital asset strategy.