SUI Group Treasury Crosses $300M With Fresh Token Addition

SUI Group, the Nasdaq-listed firm rebranded from Mill City Ventures, announced its SUI token holdings have surpassed $300 million following the addition of 20 million tokens. The company now controls 101,795,656 tokens valued at $344 million as of Wednesday, when SUI traded at $3.38, up 5%.

CIO Stephen Mackintosh said the firm aims to continue purchasing discounted locked tokens via capital raises to enhance shareholder value. Through a $450 million private placement deal, the company has exclusive access to discounted tokens directly from the Sui Foundation. Currently, SUI Group has $58 million in cash ready for additional acquisitions.

Public crypto treasuries like SUI Group increasingly use token accumulation to boost shareholder returns while promoting ecosystems. By positioning itself as the official treasury for SUI, the firm highlights how digital asset strategies are becoming mainstream among listed companies, mirroring moves in Solana and Toncoin ecosystems.

You need to login in order to Like