SUI Group Holdings, a Nasdaq-listed company formerly known as Mill City Ventures, has announced a substantial increase in its holdings of SUI tokens to over 100 million, valued at approximately $344 million.
Treasury Update and Strategic Plan
As of September 2, 2025, SUI Group Holdings holds 101,795,656 SUI tokens, valued at around $344 million after acquiring an additional 20 million tokens. The company has an agreement with the Sui Foundation for the purchase of locked SUI tokens, enabling further asset accumulation. Announced plans include using $58 million in cash for future acquisitions.
Sui Blockchain Ecosystem Developments
In the first half of 2025, the Sui blockchain ecosystem processed over 2.7 billion transactions, with total value locked (TVL) surpassing $1 billion and peaking at over $2 billion. Significant developments in the ecosystem include an expanded validator set and partnerships with major players such as Alibaba.
Management Commentary
Stephen Mackintosh, SUI Group’s Chief Investment Officer, emphasized the importance of this move: 'Since the initiation of our SUI treasury strategy in late July, we have quickly accumulated over 100 million SUI, highlighting our belief in the transformative potential of the SUI blockchain.'
Thus, SUI Group Holdings continues to actively build its assets and strengthen its position in the SUI Blockchain ecosystem, which may lead to long-term value creation for shareholders.
