TLDR: SUI Group repurchased 318,743 shares at $4.30 average price between September 10–12, completing its $2M buyback. The company authorized a new $50M buyback program to further support its Net Asset Value per share. Purchases can be made via open market trades, private deals, or other approved methods under securities laws. Executives said the move [...] The post SUI Group Finishes $2M Buyback, Greenlights $50M Stock Repurchase Program appeared first on Blockonomi.TLDR: SUI Group repurchased 318,743 shares at $4.30 average price between September 10–12, completing its $2M buyback. The company authorized a new $50M buyback program to further support its Net Asset Value per share. Purchases can be made via open market trades, private deals, or other approved methods under securities laws. Executives said the move [...] The post SUI Group Finishes $2M Buyback, Greenlights $50M Stock Repurchase Program appeared first on Blockonomi.

SUI Group Finishes $2M Buyback, Greenlights $50M Stock Repurchase Program

2025/09/13 18:37
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

TLDR:

  • SUI Group repurchased 318,743 shares at $4.30 average price between September 10–12, completing its $2M buyback.
  • The company authorized a new $50M buyback program to further support its Net Asset Value per share.
  • Purchases can be made via open market trades, private deals, or other approved methods under securities laws.
  • Executives said the move shows confidence in long-term strategy and aims to create value for existing shareholders.

SUI Group is doubling down on its own stock. The company has wrapped up a buyback worth $2 million and is now moving forward with a much larger program. The new authorization lets the company repurchase up to $50 million of its shares. 

Executives say this step shows confidence in the firm’s financial health and strategy. Investors are watching closely as SUI Group signals it is willing to invest heavily in itself.

SUI Group Stock Buyback Completes at $4.30 Average Price

According to a company statement, SUI Group repurchased roughly 318,743 shares between September 10 and September 12, 2025. The purchases were made at an average price of $4.30 per share, using the full $2 million previously authorized.

The company said the buyback program supported its Net Asset Value per share by taking shares off the market at what management viewed as an attractive price point. The purchases reduced the public float, which can tighten supply for remaining shareholders.

Marius Barnett, the company’s chairman, stated that the current price gap between shares and the underlying value of the business presented an opportunity. He added that the decision to buy shares was seen as immediately accretive for existing holders.

The move comes as trading volumes have increased for SUIG in recent weeks. The company appears focused on creating value through direct market activity while continuing to invest in its operations.

New $50 Million Buyback Program Approved

Following the completed repurchase, SUI Group’s board authorized a much larger $50 million program. This gives the company the ability to repurchase shares through open market transactions, private deals, or other legally permitted methods.

The company said it intends to make purchases when market conditions allow. This flexible approach lets SUI Group respond to price changes and maintain control over its capital allocation strategy.

Management stressed that future buybacks will depend on available liquidity, share price levels, and other business priorities. The program does not set a fixed timeline, allowing the company to act when it sees value.

This move follows a wider trend of crypto-related companies using share repurchases to signal confidence and return capital to investors. SUI Group remains the only publicly traded company with an official relationship with the Sui Foundation, which may help keep attention on its market activity.

The post SUI Group Finishes $2M Buyback, Greenlights $50M Stock Repurchase Program appeared first on Blockonomi.

Market Opportunity
SUI Logo
SUI Price(SUI)
$0.9016
$0.9016$0.9016
+0.18%
USD
SUI (SUI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Silver Prices Edge Closer to a Pivotal Support and Resistance Test

Silver Prices Edge Closer to a Pivotal Support and Resistance Test

The post Silver Prices Edge Closer to a Pivotal Support and Resistance Test appeared on BitcoinEthereumNews.com. The silver market, although experiencing recent
Share
BitcoinEthereumNews2026/03/07 11:29
U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
Share
BitcoinEthereumNews2025/09/18 09:14
[Newspoint] Overpaid troll

[Newspoint] Overpaid troll

KAUFMAN. Former president Rodrigo Duterte's lawyer Nicholas Kaufman delivers his opening statement before the ICC Pre-Trial Chamber I on February 23, 2026.
Share
Rappler2026/03/07 11:00