SUI Group Boosts SUI Token Holdings by 20M to $344M
SUI Group Holdings, the Nasdaq-listed firm formerly named Mill City Ventures, has boosted its SUI tokens reserve by acquiring 20 million additional SUI tokens under a discounted locked agreement with the Sui Foundation. This raises its total holdings to 101.8 million tokens, valued at about $344 million as of September 3, 2025.
The company completed a $450 million private placement to establish its official crypto reserve. It also holds $58 million in cash earmarked for further token purchases. CIO Stephen Mackintosh said SUI Group will keep raising capital and buying locked, discounted SUI tokens to boost per-share reserves and drive shareholder value.
This move aligns with a trend of public companies building digital asset treasuries, diversifying into altcoins like Solana and Toncoin. Traders should watch for potential price support as SUI Group’s ongoing corporate buying reduces circulating supply and signals strong confidence in the SUI ecosystem.
Bullish
The announcement of a significant corporate buy of 20 million SUI tokens underlines strong institutional confidence and directly increases token demand while reducing available supply. In the short term, continued acquisitions and public market raises are likely to add buying pressure and price support for SUI tokens. Over the long term, SUI Group’s establishment of an official crypto reserve and its commitment to regular discounted purchases signal sustained demand, improving market stability and investor sentiment. Historical patterns show that corporate treasuries accumulating altcoins often bolster price performance, making this development bullish for SUI.