SUI Group Shares Face More Pressure as Crypto Treasury Challenge Grows
SUI Group Holdings shares fell to $1.58 in Wednesday’s U.S. session, down 16 cents, while its SUI token dropped 4.8% to $0.999. The company’s treasury held 108.8 million SUI tokens as of May 19, valued at about $115 million at a $1.06 price. SUI Group reported $1.4 million in Q1 adjusted revenue but booked $53.5 million in non-cash losses after the SUI price decline. Most SUI tokens are staked at a 1.8% yield.