SUI Group’s NAV discount widens as 6 million SUI locked until 2028
An uncollateralized receivable locks 6 million SUI until 2028, while market value sits 24.5% below stated NAV.
SUI Group, an investment vehicle holding SUI tokens, is trading at a significant discount to its net asset value, in part due to an uncollateralized deal that ties up a large portion of its holdings until 2028.
The arrangement involves a receivable of 6 million SUI that is not backed by collateral and matures in 2028. According to the company’s disclosures, a sensitivity analysis dated August 6 places the market value of that receivable 24.5% below the company-calculated NAV.
Key details
- 6 million SUI tokens are locked in an uncollateralized receivable until 2028.
- The market value is estimated at a 24.5% discount to the company’s computed NAV as of the August 6 sensitivity analysis.
- The discount highlights investor concerns about the lack of collateral backing the deal.
The NAV gap suggests the market is pricing in additional risk from the uncollateralized exposure, which may remain a drag on the token’s perceived value until the receivable matures or is restructured.