Nasdaq-listed SUI Group buys additional 20 million SUI…holds SUI worth $344 million
Suehyeon Lee
Summary
- Nasdaq-listed SUI Group Holdings recently purchased 20 million SUI.
- SUI Group holds $344 million worth of SUI, and the purchase was made under a contract with the Sui Foundation.
- SUI Group holds about $58 million in cash and plans to continue purchasing SUI.
Nasdaq-listed SUI Group Holdings has purchased additional SUI.
On the 4th (local time), UBlockchain reported that SUI Group Holdings recently bought an additional 20 million SUI, increasing its holdings to 101,795,656 SUI (approximately $344 million).
The purchase was made under a contract with the Sui Foundation, through which the company has the right to acquire SUI tokens at a discounted price. Meanwhile, SUI Group currently holds about $58 million in cash and plans to continue purchasing SUI.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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