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📣 Mill City Ventures Targets $441M Sui (SUI) Treasury Strategy
Nasdaq-traded Mill City Ventures III has raised roughly $450 million via private placement—selling 83 million shares—and plans to allocate approximately 98% of the funds toward building a corporate treasury in Sui (SUI) tokens, leaving just 2% for its existing lending business .
In doing so, Mill City becomes the first publicly listed U.S. company to hold SUI as its principal treasury reserve asset in collaboration with the Sui Foundation .
Why Sui?
Crypto + AI synergy: Incoming CIO Stephen Mackintosh (Karatage co‑founder) explained that Sui’s scalable architecture is optimized for institutional use and AI workloads .
Institutional ecosystem: Adeniyi Abiodun of Mysten Labs dubbed Sui the infrastructure poised for next-gen use cases—combining crypto, AI, and stablecoins at scale .
Momentum & Market Response
Sui’s DeFi ecosystem is booming: Total Value Locked reached $2.22 billion in July—a nearly 400% surge since mid‑2024; leading protocols like Suilend, NAVI, and Haedal account for $1.7 billion TVL .
Still, SUI’s token price fell ~11% in the past 24 hours, reflecting broader altcoin weakness. From its January peak of $5.35, it's now down 27% .
🚀 What It Means
Mill City’s pivot highlights a growing trend: treasury diversification beyond Bitcoin and Ethereum. Public firms are increasingly using digital asset reserves to align with blockchain innovation. With Galaxy Asset Management managing the strategy, the company positions itself at the forefront of corporate crypto adoption .
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$SUI #cryptouniverseofficial #Web3 #StrategyPurchase
Nasdaq-traded Mill City Ventures III has raised roughly $450 million via private placement—selling 83 million shares—and plans to allocate approximately 98% of the funds toward building a corporate treasury in Sui (SUI) tokens, leaving just 2% for its existing lending business .
In doing so, Mill City becomes the first publicly listed U.S. company to hold SUI as its principal treasury reserve asset in collaboration with the Sui Foundation .
Why Sui?
Crypto + AI synergy: Incoming CIO Stephen Mackintosh (Karatage co‑founder) explained that Sui’s scalable architecture is optimized for institutional use and AI workloads .
Institutional ecosystem: Adeniyi Abiodun of Mysten Labs dubbed Sui the infrastructure poised for next-gen use cases—combining crypto, AI, and stablecoins at scale .
Momentum & Market Response
Sui’s DeFi ecosystem is booming: Total Value Locked reached $2.22 billion in July—a nearly 400% surge since mid‑2024; leading protocols like Suilend, NAVI, and Haedal account for $1.7 billion TVL .
Still, SUI’s token price fell ~11% in the past 24 hours, reflecting broader altcoin weakness. From its January peak of $5.35, it's now down 27% .
🚀 What It Means
Mill City’s pivot highlights a growing trend: treasury diversification beyond Bitcoin and Ethereum. Public firms are increasingly using digital asset reserves to align with blockchain innovation. With Galaxy Asset Management managing the strategy, the company positions itself at the forefront of corporate crypto adoption .
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$SUI #cryptouniverseofficial #Web3 #StrategyPurchase
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it takes 1000% high or not it's doesn't matter, just buy millions of $BOB
🙌Be patient long term traders💸
#Stablecoinlaw #Strategypurchase #crypto #Bob
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