Nasdaq-listed Lion Group amends financing agreement, invests $8 million to buy the dip in Bitcoin

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[Nasdaq] Nasdaq-listed company Lion Group has just adjusted its financing plan and is preparing to spend $8 million to buy the dip in Bitcoin.

This money comes from their revised convertible bond agreement, with a total amount close to $10 million. CEO Wei Wang put it bluntly: the market is cold now, so it’s a good time to enter. They want to use Bitcoin, a highly liquid and institutionally recognized asset, to add some insurance to their existing HYPE ecosystem investment portfolio.

Here are the specific numbers—the total amount of convertible bond financing is $9.984 million, of which $8 million will be used directly to buy Bitcoin and strengthen the balance sheet. According to the plan, this should be finalized around December 5.

Simply put, they’re averaging down on the dip, converting debt financing into digital gold. This approach is considered aggressive for traditional public companies, but it’s nothing new in the crypto world. The key is whether they can catch this wave at the right time.

BTC-1.64%
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0xLostKeyvip
· 12-05 07:35
8 million bottom fishing? Buying on the dip—if you don't get the timing right, that's just wild, haha.
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SocialAnxietyStakervip
· 12-04 15:07
8 million bottom fishing? The key is whether you can really get in during December, not just talk about it.
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OnChain_Detectivevip
· 12-04 15:06
wait hold up... let me pull the data on this lion group move. 998.4m convertible debt to funnel 8m into btc? ngl pattern analysis suggests classic corporate optics play during market dip. always dyor but the timing here raises some flags for me.
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MetaverseHermitvip
· 12-04 14:46
It's the same old trick of raising funds to buy the dip. Let's see if Wang Wei can bet on the right direction this time.
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PermabullPetevip
· 12-04 14:45
8 million bottom-fishing? That timing is pretty good. Now let's see if it can really be implemented in December; talking on paper is the easiest part.
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