SUI Group Announces New $50 Million Stock Buyback Plan

According to BlockBeats, Nasdaq-listed SUI Group has completed its previously authorized $2 million stock buyback program. The company's board has now authorized a new stock repurchase plan, allowing for the buyback of up to $50 million of common stock. This can be executed through open market purchases, negotiated transactions, or other methods. Recent filings with the U.S. Securities and Exchange Commission reveal that SUI Group increased its holdings by 20 million SUI tokens last week, bringing its total holdings to 101,795,656 tokens.