Sui Group, formerly Mill City Ventures, currently holds over 100 million Sui Token with a total value of approximately $344 million.
Sui Group buys another 20 million Sui, bringing the total value of Sui treasury to over 340 million USD
On September 4, Sui Group Holdings Limited (Nasdaq: SUIG), formerly Mill City Ventures, officially announced that its holdings surpassed 100 million Sui Token , or over $344 million. This move makes Sui Group the largest Sui treasury in the world, marking an important milestone for both the company and the Sui ecosystem.
Nasdaq-listed Sui Group Holdings (formerly Mill City Ventures) announced it now holds 101,795,656 Sui tokens, valued at approximately $344 million after acquiring an additional 20 million tokens. The company has an agreement with the Sui Foundation to purchase locked Sui at a…
— Wu Blockchain (@WuBlockchain) September 3, 2025
According to a press release on September 2, Sui Group purchased an additional 20 million Sui Token , bringing Token total holdings to 101,795,656 Sui. With the Sui price at around $3.38, this amount of Token is worth around $344 million.
Additionally, the company still has $58 million in cash, allowing it to continue expanding its treasury through future Token purchases. Notably, nearly all of Sui is currently Staking, yielding around 2.2% per year, or $20,000 in profit per day.
Stephen Mackintosh, CIO of Sui Group, asserts:
“We will continue to raise Capital to purchase additional locked-up Sui at a discount from the Sui Foundation to increase the amount of Sui per share and create long-term shareholder value.”
Why is this news important?
- With over 100 million Sui Token in its treasury, Sui Group is now playing the Vai of “ Microstrategy of Sui”, similar to how Microstrategy is accumulating Bitcoin or Metaplanet is collecting Bitcoin in Japan.
- This strategy not only helps the Sui Foundation promote its blockchain through a publicly listed company, but also enables traditional investors to access Sui indirectly through SUIG shares.
- As the Digital Asset Treasuries (DATs) trend continues to expand from Bitcoin to altcoins, Sui Group has established itself as a pioneer, making Sui a blockchain that is both technically and financially solidly backed.
Highlights from the latest deal
- Sui Token per share (1.14 Sui /share): If you own 1 SUIG share, the value of your treasury assets is equivalent to approximately 1.14 Sui Token . This is up from 0.92 Sui/share on August 11, 2025. In other words, in less than a month, the amount of Sui allocated to each share has increased by nearly 24%, showing that the company is continuously adding Token without diluting the value.
- NAV (Net Asset Value) ~332 million USD: The total net value of the entire Sui treasury that the company is holding is up to 332 million USD, calculated at market price.
- mNAV (Market NAV) = 1.42x: SUIG is currently trading on the stock exchange at a 42% premium to its actual NAV. This reflects that investors are FOMOing the future of SUIG, willing to pay more than the current value to hold the stock.
Restructuring to become the world's largest Sui treasury
- Sui Group was formerly known as Mill City Ventures , a short-term lending company. However, after a comprehensive restructuring and renaming to Sui Group Holdings Limited, the business quickly became the only public company with an official relationship with the Sui Foundation.
- In July 2025, Sui Group announced the completion of a $450 million fundraising deal to implement a treasury strategy focused entirely on the accumulation of Sui Token following the issuance of 83 million common shares (or equivalent securities) at a price of $5.42 per share.
- Of this, approximately 98% of the net Capital will be used to purchase Sui Token . The remaining portion, approximately 2%, will continue to serve Mill City Ventures' traditional short-term lending operations.
Evidence
- SUIG shares jumped in after-hours trading from a closing price of $6.14 to $6.70 after the news was announced, recording an increase of more than 9.1%.
SUIG stock price movement in the past 1 day, screenshot on Google Finance at 09:30 AM on 04/09/2025
- Sui price in the past 24 hours has not fluctuated too much, increasing slightly by 0.8% and is currently fluctuating around $3.37.
Sui price movement in the last 24 hours, screenshot on CoinGecko at 09:30 AM on 04/09/2025
Coin68 synthesis
