Manages a treasury of SUI tokens to give investors access through public shares, and makes short-term loans to businesses and individuals.
10-K for FY2025, filed Feb 27, 2026In 2025, we undertook a strategic shift by launching the industry’s first SUI treasury strategy, under which the principal holding in our…View ↗
We execute our SUI treasury management business by acquiring SUI tokens through open-market purchases, institutional-grade deal flow…View ↗
We operate within a developing and increasingly competitive segment of the digital asset market, consisting of publicly traded digital…View ↗
Following the withdrawal of our BDC status, we operated as a publicly traded specialty finance company focused on short-term, non-bank…View ↗
Earns staking rewards by delegating SUI to validators, which share rewards earned from transaction fees; lending also brings interest over the loan term and fees when loans are issued.
10-K for FY2025, filed Feb 27, 2026The Company earns revenue primarily through staking activities involving its digital asset holdings. Under its SUI treasury strategy, the…View ↗
The Sui network operates using a Delegated-Proof-of-Stake system to secure and operate the network, meaning that the voting power of a…View ↗
Interest income, adjusted for amortization of premiums and accretion of discounts, is recorded on an accrual basis. Discounts from and…View ↗
$3.9M
10-K for FY2025, filed Feb 27, 2026
$3.9M ↗
Investors can access SUI through the company’s publicly traded shares; its lending business provides financing to private businesses, small public companies and high-net-worth individuals.
10-K for FY2025, filed Feb 27, 2026
No. It lost $266.1M in FY2025.
From lending to a SUI treasury
The business has moved from short-term lending as its main activity to a treasury strategy centered on SUI holdings and staking. Specialty-finance lending remains part of its income, alongside digital-asset returns.
10-K for FY2022, filed Apr 17, 2023 10-K for FY2025, filed Feb 27, 2026In 2025, we undertook a strategic shift by launching the industry’s first SUI treasury strategy, under which the principal holding in our…View ↗
A significant majority of the Company’s SUI holdings are currently staked. Going forward, the Company intends to continue staking up to…View ↗
Our principal sources of income now include staking rewards from our SUI holdings, realized and unrealized gains or losses on digital…View ↗
Competes with MicroStrategy, SharpLink Gaming, Sol Strategies, Semler Scientific, DeFi Development, Twenty One, Metaplanet, ProCap, Nakamoto, Bitmine, Tron, Upexi, and The Ether Machine
10-K for FY2025, filed Feb 27, 2026We operate within a developing and increasingly competitive segment of the digital asset market, consisting of publicly traded digital…View ↗
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