The listed company SUI Group increased its holdings by approximately 20 million SUI, with a total position size exceeding 300 million USD

ChainCatcher news, according to The Block, Nasdaq-listed SUI Group Holdings announced on Wednesday that after increasing its holdings by approximately 20 million SUI tokens, the value of its SUI tokens has exceeded $300 million. The company stated that as of Wednesday, it holds 101,795,656 SUI tokens, valued at $344 million.

SUI Group's Chief Investment Officer Stephen Mackintosh said, "We plan to continue seeking capital increases to purchase discounted locked SUI tokens, thereby increasing the per-share SUI token holdings and creating value for shareholders." SUI Group, formerly known as the short-term lending institution Mill City Ventures, has reached an agreement to purchase tokens directly from the Sui Foundation at a discounted price. Mill City established its position as the official SUI token reserve through a $450 million private placement. The company stated that it currently has approximately $58 million in cash available to purchase more SUI tokens.