SUI Group Holdings Limited, a publicly listed company associated with the Sui Foundation, confirmed the completion of its previously approved $2 million share repurchase initiative.
The company also reported that its Board of Directors has authorized a new program permitting the repurchase of up to $50 million in common stock.
The initial program, carried out between September 10th and September 12th, 2025, involved the repurchase of approximately 318,743 shares at an average price of $4.30 per share.
The newly approved initiative is intended to provide flexibility in enhancing Net Asset Value per share through the strategic acquisition of common stock, which the company considers immediately beneficial to shareholders and reflective of its confidence in long-term fundamentals.
Repurchases under the program may be conducted through open market transactions, privately arranged agreements, or alternative methods, in compliance with relevant securities regulations and subject to prevailing market conditions.
SUI Group, recognized as the sole publicly traded entity with a formal association with the Sui Foundation, offers institutional-level access to the SUI blockchain. By implementing a treasury framework centered on SUI, the company is developing a digital asset treasury platform supported by the foundation, emphasizing scalability, transparency, and sustainable value creation.
Recently, on September 3rd, the company has also expanded its reserves through the acquisition of 20 million tokens, raising its total holdings to 101.79 million tokens with an estimated value of $379 million. These reserves are further reinforced by a $450 million treasury initiative operated in collaboration with Galaxy Digital.
SUI Group’s $50M Buyback Sparks Market Interest As Technical Signals Point To Potential Breakout
The announcement of a $50 million share repurchase authorization by SUI Group has attracted considerable interest within the digital asset sector, with market participants monitoring the token for potential SUI token price movements supported by technical indicators and substantial reserves.
According to cryptocurrency analyst Ali, current analysis highlights a support range between $3.20 and $3.50, while resistance remains evident in the $4.20 to $4.30 zone. A breakout beyond this threshold is viewed as a potential catalyst for renewed upward momentum.
Chart patterns, including the identification of an ascending triangle, are being interpreted as signals that an upward continuation could occur if resistance levels are surpassed. Based on Fibonacci-based projections, short-term price objectives have been outlined at approximately $4.79, $5.30, $6.19, and $7.39.
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Source: Mpost.io
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