SUI Group Holdings Buys 20M Tokens, Pushes Treasury to $344M
SUI Group Holdings (Nasdaq: SUIG) acquired 20 million SUI tokens through a deal with the Sui Foundation, raising its total holdings to approximately 102 million SUI (about $344 million at current prices). Most tokens are actively staked at an annual yield of 2.2%, generating around $20,000 in daily rewards. The company also holds nearly $60 million in liquid cash to fund further discounted token purchases. Following the announcement, SUI token traded up 4%, rising from $3.20 to $3.40, though still below its January peak of $5.36. SUI per share now stands at 1.14 SUI based on a fully adjusted share count of 89 million. By buying locked SUI at a lower cost, SUIG aims to build book value and support future accretive capital raises, mirroring how traditional firms accumulate strategic assets on their balance sheets.
Bullish
The acquisition of 20 million SUI tokens at a discount and the resulting $344 million treasury bolster SUI Group Holdings’ balance sheet and market confidence. Active staking at 2.2% APY adds steady income, while $60 million in cash enables further token buys. Similar to Bitcoin treasuries by public firms, this move underpins token demand and price support. In the short term, the 4% price increase post-announcement shows positive trader reaction. Long term, strategic token accumulation and staking revenue may drive sustained bullish sentiment and reduce sell pressure, as the firm’s cost basis cushion provides stability.