PANews reported on September 4th that, in accordance to The Block, Nasdaq-listed company SUI Group Holdings introduced in a press release on Wednesday that its holdings of SUI tokens have exceeded $300 million after growing its holdings by approximately 20 million SUI tokens. The company said that as of Wednesday, it held 101,795,656 SUI tokens, valued at $344 million. Stephen Waterproof coat, Chief Funding Officer of SUI Group, said, “We plan to proceed in search of further capital will increase to buy further discounted locked-up SUI tokens, thereby growing the variety of SUI tokens held per share and creating worth for shareholders.”
SUI Group, previously referred to as Mill Metropolis Ventures, a short-term lender, has reached an settlement to buy tokens immediately from the Sui Basis at a reduced value. Mill Metropolis established its place because the official SUI token reserve by finishing a $450 million non-public placement. The company said that it presently has approximately $58 million in money obtainable to buy further SUI tokens.
