TechFlow, December 4 — According to PRNewswire, U.S.-listed Lion Group Holding Ltd. (Nasdaq: LGHL) announced it has signed an amendment to its securities purchase agreement, securing total proceeds of $9.984 million through convertible note financing.
The company plans to allocate $8 million of the net proceeds to purchase bitcoin (BTC) as corporate treasury reserves. The company stated that the current "cooling period" in the digital asset market presents an attractive entry opportunity, and that bitcoin, as a liquid asset, helps preserve value.
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