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Well-known crypto entrepreneurs jointly raised $125 million to establish SuiStrategy to lay out the SUI ecosystem
On June 24, it was revealed that a number of well-known crypto entrepreneurs planned to raise $125 million through bond issuance to purchase SUI token reserves and establish SuiStrategy. The company's operating model will revolve around SUI tokens, including holding tokens on the balance sheet, obtaining staking rewards, participating in the construction of RWA and derivatives, and achieving exit through public listing, equity model or mergers and acquisitions. The drivers behind the project include Matthew Morgan, crypto consultant at WLF, Julian Bharti, managing partner at Delano Capital, Alex Dulub, founder of Web3 Antivirus, and Eric Galen, lawyer. The program is supported by the SUI community and aims to build a complete SUI financial strategy system.