SUI Group Crosses 100 Million Token Threshold in High-Stakes Bet on Blockchain Future

SUI Group Holdings, a Nasdaq-listed company with an official relationship with the Sui Foundation, has increased its SUI token holdings to 101,795,656 tokens, surpassing 100 million in total holdings. This marks a significant milestone in the company’s strategy to build a digital asset treasury platform. The company disclosed that its SUI token holdings are currently valued at approximately $332 million, based on the price of $3.26 per token as of September 2, 2025 [2].

The company has been accumulating SUI tokens since initiating its treasury strategy in late July 2025. Stephen Mackintosh, SUI Group’s Chief Investment Officer, emphasized the company’s conviction in the SUI blockchain’s potential and its role in decentralized finance. He stated that SUI Group plans to continue seeking capital increases to purchase discounted locked SUI tokens, with the goal of increasing per-share SUI holdings and generating value for shareholders [1].

SUI Group, formerly known as Mill City Ventures, previously secured its position as the official SUI token reserve through a $450 million private placement. The company currently holds approximately $58 million in cash, which it intends to use for further SUI token purchases. Additionally, the company has completed a corporate rebranding, including a name change to SUI Group Holdings Limited and a ticker symbol change from “MCVT” to “SUIG” [2].

Financial data indicates that the company’s SUI per share has increased to approximately 1.14 SUI as of September 2, 2025, up from 0.92 SUI on August 11, 2025. Correspondingly, the net asset value (NAV) per share has risen to $3.72, compared to $3.54 on August 11 [2]. Substantially all of the company’s SUI holdings are staked, generating an approximate 2.2% yield, with an estimated daily yield of around $20,000 [2].

The company’s valuation, based on the closing price of SUIG common stock and SUI token price on September 2, 2025, shows that SUIG is trading at an approximate multiple of 1.42 times its net asset value. This valuation is influenced by the company’s continued focus on expanding its SUI treasury and executing its digital asset strategy [2].

SUI Group remains the only publicly traded company with an official relationship with the Sui Foundation. Its strategy is centered on leveraging the SUI blockchain’s high-speed, horizontally scalable architecture, which supports next-generation applications in finance, gaming, and AI. The company intends to continue its specialty finance operations alongside its SUI treasury strategy [2].

The company’s forward-looking statements, including its plans for capital raises and treasury growth, are subject to risks and uncertainties, including market volatility, regulatory changes, and challenges in the digital asset industry. As outlined in its filings with the SEC, the company is exposed to risks related to the treatment of crypto assets under U.S. GAAP, which require fair value adjustments and may result in significant fluctuations in its financial reports. Investors are advised to consider these risks and uncertainties when evaluating the company’s future performance [2].

Source: [1] The listed company SUI Group increased its holdings by ... (https://www.chaincatcher.com/en/article/2203087) [2] SUIG's Total Treasury Holdings Exceed 100 Million SUI as of September 2, 2025 (https://www.businesswire.com/news/home/20250903179699/en/SUIGs-Total-Treasury-Holdings-Exceed-100-Million-SUI-as-of-September-2-2025)