TechFlow, September 24 — According to BUSINESS WIRE, SUI Group Holdings Limited (NASDAQ: SUIG) announced the repurchase of approximately 276,296 ordinary shares under its newly authorized $50 million share repurchase program. The repurchases were completed between September 15 and 18 at an average price of $4.37 per share.
As of September 23, SUI Group held 105,630,660 SUI tokens as treasury assets, with a total value of approximately $359 million. Based on 88.5 million shares outstanding, each share corresponds to approximately 1.19 SUI tokens (up from 0.92 on August 11).
Almost all of the company's SUI tokens are staked, generating an annualized yield of approximately 2.2%, with estimated daily earnings of around $21,600.
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