SUI Group boost SUI token holding by 20M reach 344M dollar
SUI Group Holdings, wey dey for Nasdaq before dem been call am Mill City Ventures, don increase dia SUI tokens reserve by buying 20 million extra SUI tokens under one discounte locked deal with Sui Foundation. Dis one mean sey their total tokens holding don reach 101.8 million tokens, wey value be about $344 million as of September 3, 2025.
Di company finish private placement of $450 million to set up dia official crypto reserve. Dem also get $58 million cash wey dem dey keep for buying more tokens. The CIO, Stephen Mackintosh tok sey SUI Group go continue to raise money and dey buy locked discounted SUI tokens to increase the per-share reserves and add value for the shareholders.
Dis kain move follow wetin other public companies dey do as dem dey build digital asset treasuries, dey diversify into altcoins like Solana and Toncoin. Traders need watch out for price support as SUI Group dey continue to buy company tokens, wey dey reduce the supply wey dey for market and show strong confidence for the SUI ecosystem.
Bullish
Di announcement wey talk say big company don buy 20 million SUI tokens dey show say institution dem get strong confidence and e go increase demand for the token directly plus e go reduce how many tokens dey available. For short term, as dem dey continue to buy plus raise money for public market, e fit increase buying pressure and hold price for SUI tokens. For long run, SUI Group wey dem set official crypto reserve and dem promise say dem go dey buy tokens with discount regularly show say demand go strong, e go make market steady and investors go get better feeling. Old pattern show say when corporate treasury dey gather altcoins, e dey usually boost price well well, so this development na good sign for SUI.