$SUI #MillCity Ventures Secures $500M for Treasury Expansion


Mill City Ventures III has announced a $500 million equity agreement to expand its $SUI treasury position.


The firm currently holds 76.2 million $SUI tokens worth $276 million after this week's initial $450 million raise.


#MillCity shares fell 11.4% to $4.91 following the announcement despite being up 165% since July 24.


The company represents the only public $SUI #treasury with an official Sui Foundation relationship.


Major investors, including Pantera Capital, Electric Capital, and ParaFi Capital, backed the initial offering.


Galaxy Asset Management serves as treasury asset manager for the 98% allocation to $SUI strategy.


$SUI ranks as the 15th-largest cryptocurrency with recent focus on AI, gaming, and next-generation #blockchain applications.

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August 03, 2025 at 10:21 PM
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