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Lion Group signs $10 million private placement agreement, will allocate $8 million to purchase BTC
Mars Finance News, on December 4, US-listed company Lion Group Holding Ltd. (Nasdaq: LGHL) announced the signing of an amendment to its securities purchase agreement, through which it will raise a total of $9.984 million via convertible bonds. The company plans to use $8 million of the net proceeds to purchase Bitcoin (BTC) as corporate treasury reserves.