Digital Asset

Chardan Digital Asset Treasury Strategies

Chardan’s expertise in structuring digital asset treasury strategies and reverse mergers positions it as an ideal partner for companies seeking to unlock value through blockchain innovation. For companies with limited capital for their operating businesses or those exploring strategic alternatives, especially public shells, we offer a compelling path forward where Chardan has been structuring deals in a way that allows companies to retain or continue operating their original core businesses. Learn how your company, regardless of sector, can drive shareholder value by navigating this convergence of traditional finance and digital assets.

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Transaction Summaries

Chardan has played a pivotal role in advancing the integration of digital assets into corporate finance through its advisory and placement services across several recent high-profile transactions totaling over $2 Billion in transactions value.

  • Sonnet BioTherapeutics. Announced an $888 million reverse merger with Rorschach I LLC and concurrent PIPE, advised and placed by Chardan, to form Hyperliquid Strategies Inc., a public crypto treasury company expected to hold over 12.6 million HYPE tokens and shift its strategic focus from biotech to digital asset management
  • Zooz Power. Chardan acted as sole placement agent to Zooz Power in connection with a $180 million PIPE to support the company’s transition to a Bitcoin Reserve Strategy. The transaction enables Zooz to become the first Nasdaq and TASE dual-listed company to hold Bitcoin in its treasury, with proceeds earmarked for the acquisition of BTC as a strategic reserve asset.
  • Eyenovia, now Hyperion DeFi. Chardan acted as sole placement agent in a $50 million PIPE financing, enabling the company to acquire over 1 million HYPE tokens, native to the Hyperliquid blockchain. This marked a major strategic pivot for Eyenovia, historically a biotech firm focused on ophthalmic therapies, as it transitions into digital asset management. 
  • VivoPower. Engaged Chardan for a $121 million private placement to implement an XRP-focused digital asset treasury strategy
  • Lion Group Holding. Partnered with Chardan for a $600 million facility to support its Hyperliquid Strategy, targeting acquisitions of HYPE, Solana (SOL), and Sui (SUI) tokens
  • Bit Origin. Traditionally a Bitcoin mining firm, secured $500 million in equity and convertible debt facilitated by Chardan to launch one of the largest Dogecoin (DOGE) treasuries among public companies.
  • Classover. Chardan was the sole placement agent for a $500 million convertible note financing, with 80% of the initial $11 million tranche allocated to Solana (SOL) purchases

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