Lion Group Holding shares surge 45.19% after-hours as company allocates $8M of private placement proceeds to Bitcoin purchase.

Lion Group Holding surged 45.19% in after-hours trading following the announcement of a $10 million private placement, with $8 million of net proceeds allocated to purchase Bitcoin for its corporate treasury. The company cited strategic diversification, leveraging Bitcoin’s liquidity and institutional recognition to enhance treasury flexibility amid a broader "flight to quality" in digital assets. This move aligns with its focus on capital preservation and strategic opportunities within the Hyperliquid (HYPE) ecosystem. The after-hour rally reflects investor optimism toward the firm’s digital asset strategy and favorable market conditions for Bitcoin accumulation.