The SUI Group’s Treasury climbs to 344 million dollars after adding a new 20 -meter symbolism star-news.press/wp

Sui Group Holdings has strengthened her position in the SUI ecosystem. Her recent acquisition of 20 million symbols earns its total hide to more than 344 million dollars, making it a dominant force in the economy of the distinctive symbol.

According to press release On September 3, the Minnesota -based company, which is trading on the Nasdaq Stock Exchange under the SUIG index, systematically added 20 million SUI to its treasures.

The accumulation, which was implemented under a unique arrangement with the Sui Foundation, pays its total holdings to 101.8 million SUI, at a value of more than $ 344 million at the current market prices. “This step confirms” the company’s condemnation of the SUI Blockchain’s transformational capabilities, “said the chief investment official, Stephen McCain, adding that it is planning to continue to search for” capital increase “to finance additional purchases.

The strategy behind the SUI accumulation

The official SUI Group relationship with SUI is given exclusive access to the purchase of distinctive reduced and indulgent symbols directly from the source, and to cancel a great cost feature on the open market.

By maintaining large liquidity, approximately $ 58 million, according to the version, the company puts itself in obtaining discounted lower unique symbols, a strategy that aims to expand the scope of the treasury while improving the value of shareholders.

To take advantage of its huge location, the company does not hold negatively. The Ministry of Treasury update confirms that all of the SUI of 101.8 million are opened actively on the network. This generates 2.2 % annual return, which currently translates into approximately $ 20,000 as bonuses per day, SUI GROP said.

For shareholders, the company provided a decisive scale called only per share. As of September 2, this number is 1.14. This is calculated by dividing the total treasury of 101.8 million SUI through the entire number of shares of 89.1 million joint shares.

The scale provides a transparent scale for the value, which shows exactly the amount of basic assets represented by each of the Suig’s shares. The increase of 0.92 sui per share just weeks ago shows the immediate impact of the strategy in focusing ownership of assets for each shareholder.

After this announcement, SUI increased by more than 4 %, increasing from a daily level from $ 3.25 to an altitude of up to $ 3.40, although it is still much lower than its peak of $ 5.35.