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

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)
$1.5068
$1.5068$1.5068
-3.11%
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 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

Robinhood’s New Move: MNT Coin Joins the Roster

Robinhood’s New Move: MNT Coin Joins the Roster

Bitcoin continues to hover beneath the $91,000 threshold, but the crypto domain isn’t stagnating. Cryptocurrency platforms are vigorously expanding their altcoin
Share
Coinstats2026/01/20 21:48
Microsoft Corp. $MSFT blue box area offers a buying opportunity

Microsoft Corp. $MSFT blue box area offers a buying opportunity

The post Microsoft Corp. $MSFT blue box area offers a buying opportunity appeared on BitcoinEthereumNews.com. In today’s article, we’ll examine the recent performance of Microsoft Corp. ($MSFT) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 07, 2025 low unfolded as a 5-wave impulse followed by a 3-swing correction (ABC) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. Five wave impulse structure + ABC + WXY correction $MSFT 8H Elliott Wave chart 9.04.2025 In the 8-hour Elliott Wave count from Sep 04, 2025, we saw that $MSFT completed a 5-wave impulsive cycle at red III. As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings and find buyers in the equal legs area between $497.02 and $471.06 This setup aligns with a typical Elliott Wave correction pattern (ABC), in which the market pauses briefly before resuming its primary trend. $MSFT 8H Elliott Wave chart 7.14.2025 The update, 10 days later, shows the stock finding support from the equal legs area as predicted allowing traders to get risk free. The stock is expected to bounce towards 525 – 532 before deciding if the bounce is a connector or the next leg higher. A break into new ATHs will confirm the latter and can see it trade higher towards 570 – 593 area. Until then, traders should get risk free and protect their capital in case of a WXY double correction. Conclusion In conclusion, our Elliott Wave analysis of Microsoft Corp. ($MSFT) suggested that it remains supported against April 07, 2025 lows and bounce from the blue box area. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets. Source: https://www.fxstreet.com/news/microsoft-corp-msft-blue-box-area-offers-a-buying-opportunity-202509171323
Share
BitcoinEthereumNews2025/09/18 03:50
Robinhood Crypto has listed the MNT token.

Robinhood Crypto has listed the MNT token.

PANews reported on January 20 that Robinhood announced on its X platform that the MNT token is now available for trading on Robinhood Crypto, including in the New
Share
PANews2026/01/20 22:02