Inside the uncollateralized deal that locked up 6 million SUI until 2028 while SUI Group trades at a 25% NAV discount
- SUI Group just handed 6 million SUI to Bluefin Markets on an uncollateralized IOU valid until 2028. Because nothing says "fiscal responsibility" like locking up assets with zero collateral and hoping for a revenue share that hasn't materialized yet. The company trades at a 25% discount to its NAV, proving the market isn't buying this "aggressive passive income" fantasy. You’re essentially a meat wallet lending crypto to a counterparty that can rehypothecate it while you wait six months after termination to get it back. It’s not investment; it’s professional solidarity with bad accounting. Where's my cut?