SUI Group Holdings Limited, a Nasdaq-listed company trading under ticker SUIG, has significantly expanded its treasury by acquiring an additional 20 million SUI tokens. This brings its total holdings to 101.8 million SUI, valued at over $344 million based on current market rates. The acquisition, executed through a unique arrangement with the Sui Foundation, grants the firm exclusive access to purchase discounted, locked tokens directly from the source.
The company's Chief Investment Officer, Stephen Mackintosh, emphasized the move reflects the firm's "conviction in the transformative potential of the SUI blockchain" and plans to continue seeking "accretive capital raises" for further purchases. The accumulation strategy, which began in late July, is designed to scale the treasury while optimizing value for shareholders.
Notably, substantially all of the 101.8 million SUI tokens are being actively staked on the network, generating an estimated 2.2% annual yield. This translates to roughly $20,000 in daily staking rewards. The company has also introduced a key metric called "SUI per share," which stood at 1.14 as of September 2, up from 0.92 just weeks prior, demonstrating increased asset concentration per shareholder.
Following the announcement, SUI's price reacted positively, trading up more than 4% from a daily low of $3.25 to as high as $3.40, though it remains below its January peak of $5.35. The move solidifies SUI Group's dominant position within the Sui ecosystem and highlights its strategic commitment to long-term value creation.