PANews reported on September 4th that, according to The Block, Nasdaq-listed company SUI Group Holdings announced in a statement on Wednesday that its holdings of SUI tokens have exceeded $300 million after increasing its holdings by approximately 20 million SUI tokens. The company stated that as of Wednesday, it held 101,795,656 SUI tokens, valued at $344 million. Stephen Mackintosh, Chief Investment Officer of SUI Group, stated, "We plan to continue seeking additional capital increases to purchase additional discounted locked-up SUI tokens, thereby increasing the number of SUI tokens held per share and creating value for shareholders." SUI Group, formerly known as Mill City Ventures, a short-term lender, has reached an agreement to purchase tokens directly from the Sui Foundation at a discounted price. Mill City established its position as the official SUI token reserve by completing a $450 million private placement. The company stated that it currently has approximately $58 million in cash available to purchase additional SUI tokens.PANews reported on September 4th that, according to The Block, Nasdaq-listed company SUI Group Holdings announced in a statement on Wednesday that its holdings of SUI tokens have exceeded $300 million after increasing its holdings by approximately 20 million SUI tokens. The company stated that as of Wednesday, it held 101,795,656 SUI tokens, valued at $344 million. Stephen Mackintosh, Chief Investment Officer of SUI Group, stated, "We plan to continue seeking additional capital increases to purchase additional discounted locked-up SUI tokens, thereby increasing the number of SUI tokens held per share and creating value for shareholders." SUI Group, formerly known as Mill City Ventures, a short-term lender, has reached an agreement to purchase tokens directly from the Sui Foundation at a discounted price. Mill City established its position as the official SUI token reserve by completing a $450 million private placement. The company stated that it currently has approximately $58 million in cash available to purchase additional SUI tokens.
Listed company SUI Group increased its holdings by approximately 20 million SUI tokens, bringing its holdings to over US$300 million.
PANews reported on September 4th that, according to The Block, Nasdaq-listed company SUI Group Holdings announced in a statement on Wednesday that its holdings of SUI tokens have exceeded $300 million after increasing its holdings by approximately 20 million SUI tokens. The company stated that as of Wednesday, it held 101,795,656 SUI tokens, valued at $344 million. Stephen Mackintosh, Chief Investment Officer of SUI Group, stated, "We plan to continue seeking additional capital increases to purchase additional discounted locked-up SUI tokens, thereby increasing the number of SUI tokens held per share and creating value for shareholders."
SUI Group, formerly known as Mill City Ventures, a short-term lender, has reached an agreement to purchase tokens directly from the Sui Foundation at a discounted price. Mill City established its position as the official SUI token reserve by completing a $450 million private placement. The company stated that it currently has approximately $58 million in cash available to purchase additional SUI tokens.
Market Opportunity
Manchester City Fan Price(CITY)
$0.664
$0.664$0.664
USD
Manchester City Fan (CITY) 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 service@support.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
Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip
The post Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip appeared on BitcoinEthereumNews.com. Gold is strutting its way into record territory, smashing through $3,700 an ounce Wednesday morning, as Sprott Asset Management strategist Paul Wong says the yellow metal may finally snatch the dollar’s most coveted role: store of value. Wong Warns: Fiscal Dominance Puts U.S. Dollar on Notice, Gold on Top Gold prices eased slightly to $3,678.9 […] Source: https://news.bitcoin.com/gold-hits-3700-as-sprotts-wong-says-dollars-store-of-value-crown-may-slip/
Share
BitcoinEthereumNews2025/09/18 00:33
Why Institutional Capital Chooses Gold Over Bitcoin Amid Yen Currency Crisis
TLDR: Yen’s managed devaluation artificially strengthens the dollar, creating headwinds for Bitcoin price action. Gold has surged 61.4% while Bitcoin stagnates
Share
Blockonomi2026/01/18 12:09
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC
The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36