Two public companies reveal plans to embrace buzz as main reserve property for treasury
Lion Group Holding Ltd. (LGHL) and Eyenovia Inc. unveiled separate major financing relocations this week to launch cryptocurrency treasury techniques centered on Hyperliquid’s buzz token. LGHL announced it has secured a $600 million facility to launch the first and largest buzz treasury in Asia. The Singapore-based trading and financial services company also revealed intentions to include Solana (SOL) and Sui (SUI) in the reserve as secondary reserve assets. Custody and staking will be managed by BitGo Trust Company. As part of its expansion, LGHL plans to evaluate secondary listings on the Tokyo Stock Exchange and Singapore Exchange to widen its reach. CEO Wilson Wang stated the move reflects the company’s conviction that decentralized on-chain execution is the future of trading. Wang said in a statement: “We see protocols like buzz, with entrusted sequencing, as fundamental to building scalable DeFi systems.” Meanwhile, Eyenovia announced a $50 million private placement to build a reserve of HYPE, positioning itself as the first U.S.-listed company to include the crypto in its treasury. The ophthalmic technology company expects the transaction to yield about $150 million if warrants are fully exercised. The funding agreement allows Eyenovia to acquire over 1 million buzz and participate as a leading validator for the Hyperliquid network. Eyenovia CEO Michael Rowe said: “We are pleased to join the growing number of companies who have adopted similar strategies for diversification, liquidity, and long-term capital appreciation potential that cryptocurrency represents.” The company appointed Hyunsu Jung as Chief Investment Officer to oversee the treasury initiative. Both announcements come amidst broader adoption of major Layer-1 cryptos as treasury reserves by public companies seeking digital asset diversification and yield generation. Eyenovia expects its private placement to close around June 20, pending customary approvals. LGHL did not specify a timeline but mentioned its initiative marks the relaunch of its crypto operations after previous restructuring.
