Lion Group Holding signs a private placement financing agreement to invest 8 million dollars in purchasing Bitcoin

According to PRNewswire, the U.S. publicly traded company Lion Group Holding Ltd. (NASDAQ: LGHL) announced the signing of a revised securities purchase agreement to raise a total of $9.984 million through convertible bonds. The company plans to use $8 million of the net proceeds to purchase Bitcoin (BTC) as a corporate treasury reserve.

The company stated that the current "cooling period" in the digital asset market provides an attractive entry point, and Bitcoin, as a liquid asset, helps preserve value.