Lion Group Holding shares surge 73.29% after-hours after allocating $8M from $10M private placement to buy Bitcoin.

Lion Group Holding Ltd. (LGHL) surged 73.29% in after-hours trading following the announcement of a $10 million private placement, with $8 million of net proceeds allocated to purchasing Bitcoin (BTC) for its corporate treasury. The move, disclosed in multiple press releases and a Reuters report, positions BTC as a strategic asset amid a "flight to quality" in digital assets, according to CEO Wilson Wang. The company emphasized Bitcoin’s liquidity and volatility as tools for balance sheet diversification, leveraging favorable market conditions for accumulation. The subsequent closing, expected on December 5, 2025, aligns with LGHL’s broader digital asset strategy, which includes Hyperliquid (HYPE) ecosystem opportunities. The significant after-hours rally reflects investor optimism over the firm’s aggressive Bitcoin allocation and macroeconomic positioning.