SUI Group Holdings Limited, formerly Mill City Ventures III, Ltd., is a company that has shifted its strategic focus to a SUI treasury strategy centered on the Sui blockchain. It aims to be the premier, foundation-backed SUI treasury company, providing institutional-grade exposure to the SUI digital asset. The company's strategy involves the long-term accumulation and activation of SUI to support the advancement and adoption of the Sui network. While executing its SUI treasury strategy, the company also plans to continue its specialty finance operations.
SUI Group Reports Second Quarter 2026 Financial and Operating Results
SUI Group reported Q2 2026 total revenue and other income of $1.2 million, up from $948,000 a year ago, but recorded a GAAP net loss of $18.9 million ($0.23 per share) due to non-cash mark-to-market losses on digital assets.
The company’s SUI treasury held 109.1 million tokens valued at approximately $75.3 million ($0.93 per share), resulting in an mNAV of 0.72x based on a current share price of $0.87.
Operationally, SUIG expanded its lending partnership with Bluefin to 6 million SUI tokens and invested $3 million each in AI research labs Nof1 and Recursive Superintelligence, while appointing Kristina Campbell as chair of the Audit Committee.