SUI Group has announced that it has just added 20 million tokens to its crypto reserve, which now exceeds a total value of 300 million dollars
SUI Group and its crypto reserve of over 300 million dollars in tokens
SUI Group announced that it has just added 20 million SUI tokens to its crypto treasury
As of now, the total reserve of the SUI Group is 101,795,656 SUI tokens, with an equivalent value of approximately 344 million dollars
The former Mill City Ventures company is listed on Nasdaq and has entered into an agreement directly with the Sui Foundation to acquire SUI tokens at a discounted price
In this regard, Stephen Mackintosh, Chief Investment Officer of SUI Group, commented on the strategy as follows:
“Since the launch of our SUI treasury strategy at the end of July, we have quickly accumulated over 100 million SUI, underscoring our belief in the transformative potential of the SUI blockchain and its fundamental role in the future of decentralized finance. We intend to continue seeking incremental capital raises to make further purchases of locked SUI at a discounted price and, consequently, increase our SUI per share to generate value for our shareholders.”
SUI Group rebranding and the crypto price
At the time of writing, SUI is the 14th crypto in the ranking with well over 11.7 billion dollars in market capitalization
The price of SUI is $3.29, in a dump of -6% compared to a month ago. The ATH of SUI was recorded last January 2025, at the price of $4.90
This announcement from SUI Group follows the recent corporate rebranding announced. This rebranding involved the official change of the company name to SUI Group Holdings Limited and the change of the ticker for its common shares on the Nasdaq Capital Market and the options traded on the Cboe Global Markets from “MCVT” to “SUIG”.
According to the company’s statement, the rebranding was carried out to further strengthen the Company’s goal of becoming the leading SUI treasury company.
Not by chance, the current addition of 20 million SUI to the group’s crypto reserve aims to represent a fundamental milestone in SUI Group’s commitment to creating a top-tier digital asset treasury platform
Technical analysis and the fundamentals of blockchain
Recently, the crypto SUI was analyzed from a technical perspective, with the chart showing a bearish trend in the short term
The key support at that time was identified at the price of $3.27, 2 cents lower than the current price. This price seems to indicate buyer interest after a round of sell-off
The data indicated a major resistance between $3.80 and $4.00. Only a stable return of the price above this threshold could pave the way for a new bullish phase of SUI, towards $4.20 and beyond
Despite the technical price analysis indicating volatility, SUI remains a solid crypto, with its blockchain standing out for its fundamentals
Among others, the SUI blockchain boasts a highly scalable architecture, a growth of dApps with SUI’s TVL increasing, a solid foundational infrastructure for GameFi and Web3, as well as a base for new native stablecoins like USDC
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SUI Group has added 20 million tokens as a crypto reserve
SUI Group has announced that it has just added 20 million tokens to its crypto reserve, which now exceeds a total value of 300 million dollars
SUI Group and its crypto reserve of over 300 million dollars in tokens
SUI Group announced that it has just added 20 million SUI tokens to its crypto treasury
As of now, the total reserve of the SUI Group is 101,795,656 SUI tokens, with an equivalent value of approximately 344 million dollars
The former Mill City Ventures company is listed on Nasdaq and has entered into an agreement directly with the Sui Foundation to acquire SUI tokens at a discounted price
In this regard, Stephen Mackintosh, Chief Investment Officer of SUI Group, commented on the strategy as follows:
“Since the launch of our SUI treasury strategy at the end of July, we have quickly accumulated over 100 million SUI, underscoring our belief in the transformative potential of the SUI blockchain and its fundamental role in the future of decentralized finance. We intend to continue seeking incremental capital raises to make further purchases of locked SUI at a discounted price and, consequently, increase our SUI per share to generate value for our shareholders.”
SUI Group rebranding and the crypto price
At the time of writing, SUI is the 14th crypto in the ranking with well over 11.7 billion dollars in market capitalization
The price of SUI is $3.29, in a dump of -6% compared to a month ago. The ATH of SUI was recorded last January 2025, at the price of $4.90
This announcement from SUI Group follows the recent corporate rebranding announced. This rebranding involved the official change of the company name to SUI Group Holdings Limited and the change of the ticker for its common shares on the Nasdaq Capital Market and the options traded on the Cboe Global Markets from “MCVT” to “SUIG”.
According to the company’s statement, the rebranding was carried out to further strengthen the Company’s goal of becoming the leading SUI treasury company.
Not by chance, the current addition of 20 million SUI to the group’s crypto reserve aims to represent a fundamental milestone in SUI Group’s commitment to creating a top-tier digital asset treasury platform
Technical analysis and the fundamentals of blockchain
Recently, the crypto SUI was analyzed from a technical perspective, with the chart showing a bearish trend in the short term
The key support at that time was identified at the price of $3.27, 2 cents lower than the current price. This price seems to indicate buyer interest after a round of sell-off
The data indicated a major resistance between $3.80 and $4.00. Only a stable return of the price above this threshold could pave the way for a new bullish phase of SUI, towards $4.20 and beyond
Despite the technical price analysis indicating volatility, SUI remains a solid crypto, with its blockchain standing out for its fundamentals
Among others, the SUI blockchain boasts a highly scalable architecture, a growth of dApps with SUI’s TVL increasing, a solid foundational infrastructure for GameFi and Web3, as well as a base for new native stablecoins like USDC