Lion Group Holding Ltd. (LGHL), a NASDAQ-listed company, has announced a revised securities purchase agreement, securing nearly $10 million through convertible bonds. The company plans to allocate $8 million of the proceeds to purchase Bitcoin, viewing the current market conditions as an opportune time to bolster its corporate treasury with the cryptocurrency. This move is aimed at leveraging Bitcoin's liquidity and potential for value preservation during the market's 'cooling period.'
Lion Group Holding Secures $10M Deal, Allocates $8M to Bitcoin
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