SUI Group's Treasury Crosses $332M as SUI Per Share Hits 1.14

SUI Group Holdings Limited, the only publicly traded company with an official relationship with the Sui Foundation, has surpassed 100 million SUI tokens in its treasury, marking a significant milestone in its strategy to establish a premier digital asset treasury platform. As of September 2, 2025, the company held 101,795,656 SUI tokens, valued at approximately $332 million based on a SUI price of $3.26 per token [1]. This represents an increase in SUI per share from 0.92 to 1.14 SUI, with the corresponding net asset value per share rising from $3.54 to $3.72 [1].

The company’s SUI treasury is largely staked, earning a 2.2% yield, translating to an estimated daily yield of $20,000 [1]. Stephen Mackintosh, CIO of SUI Group, emphasized the company’s intention to raise additional capital to purchase more discounted locked SUI tokens, thereby increasing SUI per share and creating value for shareholders. The company also holds approximately $58 million in cash available for further token acquisitions [4].

The expansion of SUI Group’s treasury coincided with its rebranding from Mill City Ventures to SUI Group Holdings Limited and a ticker symbol change from MCVT to SUIG on the Nasdaq Capital Market. The rebranding aims to reinforce the company’s identity as the leading SUI treasury platform [1]. The company previously secured $450 million through a private placement to establish itself as the official SUI treasury, allowing it to acquire tokens directly from the Sui Foundation at a discount [2].

The Sui blockchain itself has seen significant growth in the first half of 2025, with over 2.7 billion transactions, more than $1 billion in total value locked (TVL), and an expanded validator set. The network has also integrated advanced features such as Nautilus for offchain compute and SEAL for decentralized secrets management. Additionally, Sui has launched Passkey, a FIDO-compliant login method that enhances user experience and security [1].

The Sui blockchain’s momentum is further supported by strategic collaborations, including one with Alibaba to bring an AI-powered coding assistant to Sui Move developers. This collaboration enables features such as generating Move code from natural language and performing real-time security checks [1]. The Sui ecosystem is also expanding into real-world assets (RWAs) with the launch of tokenized gold on the platform [1].

SUI Group Holdings is trading at an estimated market-to-net asset value (mNAV) multiple of 1.42x based on its September 2, 2025 stock and token prices [1]. The company’s performance is closely tied to the price of SUI, with its stock price potentially influenced by fluctuations in the value of the tokens it holds. The company acknowledges the risks associated with its strategy, including regulatory uncertainty, market volatility, and potential impairment charges for its crypto assets under U.S. GAAP [1].

SUI Group Holdings remains committed to executing its treasury strategy while continuing its specialty finance operations. The company plans to leverage its unique position as the only publicly traded entity with an official Sui Foundation relationship to drive long-term value creation for shareholders [1].

Source: [1] SUIGs 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) [2] SUI Group treasury's holdings surpass $300 million after ... (https://www.theblock.co/post/369376/sui-group-holdings-treasurys-holdings-surpass-300-million-after-adding-20-million-tokens) [4] SUIG's Total Treasury Holdings Exceed 100 Million SUI as ... (https://www.nasdaq.com/press-release/suigs-total-treasury-holdings-exceed-100-million-sui-september-2-2025-2025-09-03)