Sui Group Holdings moved again on the market, adding 20 million Sui to its shares and raising its sum to about 102 million tokens, which is a cache of about $ 344 million at current prices.
The company based in Minnesota, which trades at Nasdaq at Ticker Suig, bought tokens through an agreement related to the Sui Foundation, a press release of September 3.
AgreementReports revealed, give Sui Group access to discounts, blocked tokens that are not available on the open market.
Crypt farms
Most of the nearly 102 million Sui are actively erected, show the treasury update. This erecting is currently around 2.2% per year.
Based on the published numbers, the income translates into around USD 20,000 in daily prizes assigned to the treasury.
The company also reported almost $ 60 million in liquid cash, as it claims that it will assist her make more purchases of discount tokens.
Investors have a up-to-date yard to see: sui per action. On September 2, this record amounted to 1.14 SUI per share, calculated on the basis of a fully corrected number of shares in the amount of 89 million ordinary shares.
After announcement, Sui It increased by about 4%, rising from the lowest level of USD 3.20 to USD 3.40. The token, however, remains well below the January summit of $ 5.36.
Exclusive contract with the Sui Foundation
The dying with the foundation is crucial for this story. Buying blocked sui at lower costs, Sui group He creates a pillow between the accounting value and what the retail buyers see on the stock exchanges.
This cost advantage was described in the announcement as a deliberate part of the company’s plan for the development of the Treasury, while striving to “finance additional purchases” through accretion of capital increases.
This movement resembles the way some public companies focus on the balance sheet, although it is here to make tokens, not established farms.
Among the greatest
BUMP Price of coin shows that the market took the news seriously, but in response did not overheat.
Reports have been noticed that keeping over 100 million tokens places the company among the largest individual owners in the SUI ecosystem, which naturally draws attention.
A highlighted picture with a finish, a chart from TradingView
