Lion Group Holding Ltd. (LGHL) surged 60.28% 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 benefits of BTC’s liquidity and volatility as a tool for balance sheet diversification and capital preservation amid a "market cooldown" in digital assets. CEO Wilson Wang emphasized the move as a disciplined risk strategy to capitalize on favorable Bitcoin accumulation conditions. Multiple press releases and regulatory filings confirmed the financing and strategic rationale, reinforcing investor confidence in LGHL’s digital asset management approach. The 16% intraday decline referenced in one news item was unrelated to the after-hours surge.
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