Sui Group Holdings (formerly Mill City Ventures III) will hold a shareholder meeting on September 15 to raise up to $500 million for the SUI Treasury to accumulate and hold SUI tokens long-term.

This trend belongs to a new wave, as many Wall Street firms have not only chosen BTC and ETH but have also expanded to SOL, BNB, XRP, HYPE, SUI, and others as strategic reserve assets.

This marks a significant turning point in the role of altcoins as treasury assets for companies, indicating that funds are flowing into altcoins.