The Nasdaq-listed SUI Group Holdings announced that its treasury has surpassed $344 million in total holdings after adding approximately 20 million SUI tokens. The company has reached a discount purchase agreement with the Sui Foundation and plans to utilize its cash reserves to continue expanding its holdings.
Holdings Size and Market Value
According to a statement released on September 3, the SUI Group currently holds 101,795,656 SUI tokens, which is valued at approximately $344 million at current prices.
New Holdings: This time, approximately 20 million SUI have been added.
Price performance: As of 12:36 PM Eastern Time, SUI has risen nearly 5%, quoted at 3.38 USD.
Discount Acquisition and Capital Strategy
Stephen Mackintosh, Chief Information Officer of SUI Group, stated that the company will continue to seek value-added capital raising to acquire more locked SUI at a discount price, increasing the per-share SUI Holdings ratio and creating long-term value for shareholders.
Cash reserves: Approximately 58 million USD available for subsequent acquisitions
Cooperation background: SUI Group (formerly Mill City Ventures) has signed an agreement with the Sui Foundation to obtain direct discount purchase rights.
Public Trading Digital Asset Vault (DAT) Trends
The actions of the SUI group reflect the ongoing trend of the public trading of Digital Asset Trusts (DAT) expanding. As investors seek to gain returns from crypto assets in the stock market, more DATs are actively allocating multi-chain ecosystem assets, including Solana and Toncoin.
Market significance: The DAT model provides traditional stock market investors with an indirect way to hold crypto assets.
Asset diversification: Helps promote the development and liquidity of different public chain ecosystems.
SUI Foundation Collaboration and Future Outlook
The SUI group earlier completed a $450 million private placement, establishing its position as the official treasury of SUI.
Long-term strategy: Strengthen capital influence in the SUI ecosystem through continuous accumulation and discounted acquisitions.
Market impact: An increase in Holdings and rising prices may further attract the attention of institutions and retail investors.
Conclusion
The SUI Group has expanded its Holdings to over 100 million SUI in a short period of time and plans to continue to increase its position using cash reserves, demonstrating its high confidence in the long-term value of the SUI ecosystem. As more DAT enters the market, this model may become an important bridge connecting traditional finance with crypto assets.
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SUI group holdings surpassed $344 million, adding another 20 million tokens and plans to continue acquisition.
The Nasdaq-listed SUI Group Holdings announced that its treasury has surpassed $344 million in total holdings after adding approximately 20 million SUI tokens. The company has reached a discount purchase agreement with the Sui Foundation and plans to utilize its cash reserves to continue expanding its holdings.
Holdings Size and Market Value
According to a statement released on September 3, the SUI Group currently holds 101,795,656 SUI tokens, which is valued at approximately $344 million at current prices.
New Holdings: This time, approximately 20 million SUI have been added.
Price performance: As of 12:36 PM Eastern Time, SUI has risen nearly 5%, quoted at 3.38 USD.
Discount Acquisition and Capital Strategy
Stephen Mackintosh, Chief Information Officer of SUI Group, stated that the company will continue to seek value-added capital raising to acquire more locked SUI at a discount price, increasing the per-share SUI Holdings ratio and creating long-term value for shareholders.
Cash reserves: Approximately 58 million USD available for subsequent acquisitions
Cooperation background: SUI Group (formerly Mill City Ventures) has signed an agreement with the Sui Foundation to obtain direct discount purchase rights.
Public Trading Digital Asset Vault (DAT) Trends
The actions of the SUI group reflect the ongoing trend of the public trading of Digital Asset Trusts (DAT) expanding. As investors seek to gain returns from crypto assets in the stock market, more DATs are actively allocating multi-chain ecosystem assets, including Solana and Toncoin.
Market significance: The DAT model provides traditional stock market investors with an indirect way to hold crypto assets.
Asset diversification: Helps promote the development and liquidity of different public chain ecosystems.
SUI Foundation Collaboration and Future Outlook
The SUI group earlier completed a $450 million private placement, establishing its position as the official treasury of SUI.
Long-term strategy: Strengthen capital influence in the SUI ecosystem through continuous accumulation and discounted acquisitions.
Market impact: An increase in Holdings and rising prices may further attract the attention of institutions and retail investors.
Conclusion
The SUI Group has expanded its Holdings to over 100 million SUI in a short period of time and plans to continue to increase its position using cash reserves, demonstrating its high confidence in the long-term value of the SUI ecosystem. As more DAT enters the market, this model may become an important bridge connecting traditional finance with crypto assets.