₿$73,459.79▼ 0.12%
Lion Group Holding Ltd.
LGHL🇰🇾Leveraged
Lion Group Holding Ltd. operates an online trading platform offering CFDs, TRS, futures, and securities brokerage services across China and Southeast Asia. Acquired BTC using proceeds from a $600M senior secured convertible note facility as part of its digital asset treasury strategy.
BTC Holdings
88 BTC
180d
Stock PriceUpdated 11h ago
$0.96▼ 5.06%
180d
Total financing
27.18M USD
180d
mNAV
8.63x▼ 4.94%
180d
Leverage
109.2%
180d
BTC Risk
0.00%0.9x
Sats/Share
151
180d
Mkt capFD
55.76M USD
SharesFD
58.15M
Fiat reserve
20.12M USD
Total reserve
26.59M USD
Dilution
1361.2%
Coverage
3.0 yr
BTC mix
89%
Analytics
BTC Coverage
FinancialsUnverified
US-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets$54.6M▲50.3%
Total Liabilities$32.3M▲10.8%
Stockholders' Equity$25.6M▲143.2%
Cash & Equivalents$20.1M▲18.8%
Total Debt—
Digital Assets—
Income Statement
Revenue$9.4M▲657.5%
Operating Income—
Net Income$-5M▼118.1%
Interest Expense$2.1M▲159.2%
Cash Flow
Operating Cash Flow$-3.5M▼118.4%
Instruments
LGHL-Jun28
Jun '25 – Jun '28
Coupon
8%
Principal
600.00M USD
Outstanding
10.90M USD
Conv. price
—
BTC Rating
>10x
LGHL-Jan28
Jan '25 – Jan '28
Coupon
8%
Principal
2.13M USD
Outstanding
2.13M USD
Conv. price
—
BTC Rating
>10x
LGHL-May28
May '25 – May '28
Coupon
8%
Principal
750.00K USD
Outstanding
750.00K USD
Conv. price
—
BTC Rating
>10x
LGHL-Jul28
Jul '25 – Jul '28
Coupon
8%
Principal
3.00M USD
Outstanding
3.00M USD
Conv. price
—
LGHL-Dec28
Dec '25 – Dec '28
Coupon
8%
Principal
10.40M USD
Outstanding
10.40M USD
Conv. price
—
Total
27.18M USD
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| LGHL-Jun28 | Jun '25 – Jun '28 | 8% | 600.00M USD | 10.90M USD | — | >10x |
| LGHL-Jan28 | Jan '25 – Jan '28 | 8% | 2.13M USD | 2.13M USD | — | >10x |
| LGHL-May28 | May '25 – May '28 | 8% | 750.00K USD | 750.00K USD | — | >10x |
| LGHL-Jul28 | Jul '25 – Jul '28 | 8% | 3.00M USD | 3.00M USD | — | — |
| LGHL-Dec28 | Dec '25 – Dec '28 | 8% | 10.40M USD | 10.40M USD | — | — |
| Total | 27.18M USD | |||||
Recent Changes
Tue, Mar 17, 2026
Shares Outstanding
151.66B→4.0M-151.65B(-100.0%)
From stockanalysis.com
BTC Holdings TrackerWed, Dec 31, 2025
BTC Holdings
88.49→88-0.49 BTC(-0.6%)
Year-end BTC count per audited 20-F (rounded to whole tokens). Reaffirmed at filing date.
Form 20-F (FY 2025)Shares Outstanding
6.98B→151.66B+144.68B(+2073.4%)
150,847,024,115 Class A ordinary / 32,500 ADS ratio = 4,641,447 ADS-equivalent. Excludes 811,544,015 Class B ordinary (non-ADS). Effective Nov 26, 2025 ratio change from 1:2,500 to 1:32,500 (third change since 2023).
Form 20-F (FY 2025)Debt OutstandingRepaymentLGHL-Jun28
24.4M→10.9M-13.5M(-55.3%)
FY 2025 audited year-end balance per 20-F borrowings table
Form 20-F (FY 2025)Debt OutstandingIssuanceLGHL-Jul28
3.0M
First standalone year-end balance for July 2025 Secured Convertible Debenture per 20-F
Form 20-F (FY 2025)Debt OutstandingIssuanceLGHL-Dec28
10.4M
First standalone year-end balance for December 2025 Secured Convertible Debenture per 20-F
Form 20-F (FY 2025)Fiat Reserve
22.9M→20.1M-2.7M(-12.0%)USD
Total cash and cash equivalents (USD, HKD, RMB, SGD combined). $19,753,449 USD; $240,987 HKD; $11,021 RMB; $118,839 SGD/other.
Form 20-F (FY 2025)Thu, Dec 11, 2025
BTC Holdings
88.49 BTC
Form 6-K (BTC purchase announcement)
Fri, Dec 5, 2025
Debt OutstandingDrawLGHL-Jun28
14.0M→24.4M+10.4M(+74.3%)
$10.4M subsequent offering (amended terms)
Form 6-K (amendment & $10.4M subsequent offering)