20 Million New SUI Tokens Push Treasury To New High – Details

SUI Group Holdings moved again in the market, adding 20 million SUI to its holdings and lifting its total to about 102 million tokens, a stash worth roughly $344 million at current ￰0￱ Reading: No Fireworks, Just Grind: Bitcoin Could Drift To $1M Over 7 Years: Analyst The Minnesota-based company, which trades on Nasdaq under the ticker SUIG, bought the tokens through an arrangement tied to the Sui Foundation, a press release dated September 3 ￰1￱ deal, reports have disclosed, gives SUI Group access to discounted, locked tokens that are not available on the open ￰2￱ Holdings And Staking Most of the company’s close to 102 million SUI is being actively staked, treasury update ￰3￱ staking currently yields about 2.2% ￰4￱ on the figures released, staking income translates to roughly $20,000 in daily rewards credited to the ￰5￱ firm also reported nearly $60 million in liquid cash, a war chest it says will help it pursue more buys of discounted ￰6￱ have a new yardstick to watch: SUI per ￰7￱ of September 2 that metric stood at 1.14 SUI per share, calculated against a fully adjusted share count of 89 million common shares ￰8￱ the announcement, SUI traded up about 4%, rising from a daily low of $3.20 to as high as $3.40.

The token, however, remains well below its January peak of $5.36. Exclusive Deal With Sui Foundation The arrangement with the foundation is central to the ￰9￱ purchasing locked SUI at a lower cost, SUI Group creates a cushion between its book value and what retail buyers see on ￰10￱ cost-basis advantage was described in the release as a deliberate part of the firm’s plan to grow its treasury while aiming to “fund further purchases” through accretive capital ￰11￱ move resembles how some public companies concentrate an asset on their balance sheet, though it is being done here with tokens rather than traditional ￰12￱ Reading: XRP Faces Crucial Test With ETF Approval Chances Now At 87% Among The Biggest The coin’s price bump shows the market took the news seriously but did not overheat in ￰13￱ have noted that holding more than 100 million tokens places the company among the largest single holders in the Sui ecosystem, which naturally draws ￰14￱ image from Meta, chart from TradingView