SUI Group Expands SUI Token Treasury, Holding Over 100 Million Tokens 💰

The latest update shows that SUI Group, previously known as Mill City Ventures, has acquired an additional 20 million SUI tokens, bringing the total holdings to over 101.79 million tokens. This move reinforces SUI Group's position as one of the largest SUI treasuries in the world, while signaling growth and strategic investment in the Sui blockchain ecosystem.

Stephen Mackintosh, CIO of SUI Group, emphasized: “We will continue to raise funds to purchase more locked SUI at a discount from the Sui Foundation to increase the amount of SUI per share and create long-term value for shareholders.”.

This strategy turns SUI Group into a “Microstrategy of Sui,” similar to how Microstrategy accumulates Bitcoin. This not only helps promote the Sui blockchain through a listed company but also facilitates traditional investors to access SUI indirectly through SUIG shares. The trend of “Digital Asset Treasuries” (DATs) is expanding, and SUI Group is at the forefront of making Sui a blockchain backed robustly both technically and financially.