📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Recently, Sui has launched an intriguing micro-strategy investment. It is reported that Sui quietly acquired shares of a publicly listed American company last Friday. Although this company has a relatively small market capitalization of less than $50 million, it is worth noting that the company is currently profitable.
Sui made a significant investment by purchasing 83,025,830 shares of common stock at a price of $5.42 per share, totaling an investment amount of $450 million. Interestingly, the company's previous float was only 2.35 million shares, with a total share capital of 6.06 million shares. Based on a pre-market price of $7.8 per share, the premium rate for this acquisition is astonishingly about 155%.
This move has attracted widespread attention from the market. Analysts believe that Sui's investment this time may be aimed at expanding its influence in the traditional financial sector or seeking potential synergies for future web3 projects. Although the target company is not large, its profitability may be one of the key factors that Sui values.
However, some experts have also raised cautionary voices. They point out that such a high premium rate may bring certain risks, and Sui needs to have clear strategic planning to ensure that this investment can generate the expected returns.
In any case, Sui's move undoubtedly provides a new example for cryptocurrency companies to enter the traditional financial sector. Over time, we will be able to see more clearly the effectiveness of this strategy and its impact on Sui's future development.