Lion Group has signed a $10 million private placement agreement, with $8 million earmarked to purchase BTC.
BlockBeats News - On December 4th, Lion Group Holding Ltd., a US-listed company (Nasdaq: LGHL), announced the signing of a securities purchase agreement amendment to raise $9.984 million through convertible bond financing. The company plans to use $8 million of the net proceeds to purchase Bitcoin (BTC) as part of its corporate treasury reserve.
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