Nasdaq-Listed Company Acquires Billions in Altcoins, Plans Further Investments

SUI Group Holdings (formerly Mill City Ventures), a Nasdaq-listed company, has reported reaching an impressive asset value of approximately $344 million. This significant milestone is fueled by the acquisition of 20 million additional SUIs after acquiring a preliminary total of 101.8 million SUIs. The purchases are being made under a discounted locked token purchase agreement with the Sui Foundation. Stephen Mackintosh, the company’s CIO, outlined future plans for capital raises to bolster the investment in discounted locked-up SUIs, ultimately increasing SUI per share and generating value for shareholders. Additionally, SUI Group possesses approximately $58 million in cash reserves that will be utilized for future token purchases.