#finance Firm Mill City Ventures to Buy $441M in SUI Tokens, Pivoting to #crypto Treasury Strategy

Mill City Ventures III, Ltd. (NASDAQ: MCVT), a U.S. specialty finance firm, today unveiled a $450 million private placement—with about 98% of proceeds (approximately $441 million) earmarked to acquire SUI, the native token of the Sui blockchain, which will become the company’s primary treasury reserve asset.

The remaining ~2% will continue funding Mill City’s existing short‑term lending operations, mai ntaining a small legacy presence alongside this bold new strategic pivot.