SUI Group Doubles Down: From $2M to a Massive $50M Buyback 🔥
Major vote of confidence alert! 🚀 NASDAQ-listed SUI Group just made a powerful move that every SUI holder should see.
Here’s the breakdown:
✅ COMPLETED: Their previous $2 million share repurchase program is done.
✅ AUTHORIZED: The Board has just greenlit a NEW $50 MILLION buyback program. This is a 25x increase in firepower! 💪
This isn't just a signal; it's a statement. By aggressively buying back its own shares, SUI Group is declaring that it believes its stock—and by extension, its core asset—is significantly undervalued.
And what is that core asset? SUI.
The proof is in the portfolio. According to latest SEC filings, SUI Group's treasury now holds a staggering 101.8 Million SUI tokens, after a recent addition of 20 million SUI.
Why this matters for the ecosystem: •Corporate Confidence: Massive buybacks demonstrate strong financial health and a bullish long-term outlook.
•Treasury Strength: A growing SUI treasury aligns the company's success directly with the token's performance.
•Reduced Selling Pressure: Buying back shares can be a more shareholder-friendly alternative to selling treasury assets.
This is institutional adoption and conviction in action. The company is putting its money where its mouth is.
DYOR No Financial advice!
#SUI #NASDAQ #Buyback #Cryptonews #CryptoRally
