SUI Group has added 20 million SUI tokens, bringing its total holdings to 101.8 million, valued at $332 million. Most of these tokens are staked, generating daily rewards while increasing SUI exposure for investors.
The purchase comes through a special deal with the Sui Foundation, allowing the company to acquire discounted, locked tokens, a cheaper alternative to open market buys. The company also has $58 million in cash ready for future acquisitions.
CIO Stephen Mackintosh highlighted plans to raise more capital for additional purchases, which would grow the treasury and shareholder value. The company tracks “SUI per share”, currently 1.14, up from 0.92 recently, showing direct benefit to investors.
Staking nearly all 101.8 million tokens at roughly 2.2% annual yield generates about $20,000 per day, adding extra returns to the treasury beyond token growth.
SUI Group’s strategy, combining discounted token acquisition with staking, reflects confidence in the Sui blockchain’s long-term potential. This follows a broader trend of public companies increasing exposure to major blockchain networks.
On-chain data shows the Sui network is growing steadily. Weekly transactions hit 47.9 million in late August, marking the first peak since April. Partnerships like Threshold Network’s tBTC Phase 2 also boost Sui’s role in Bitcoin-linked DeFi, with Phase 1 already securing $10 million in deposits.
Market performance mirrors these fundamentals: SUI rose nearly 5% to $3.40 on Thursday from a low of $3.28. Analysts note a potential bullish breakout if the price surpasses $3.52, signaling possible momentum toward previous highs.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
