🇯🇵💼 Mill City Ventures III Makes Bold Move — $3M to Be Invested in $SUI as Reserve Asset! 🔥
In a surprising and strategic shift, Mill City Ventures III (MCVT) has announced a private placement of 450 million yen (~$3 million) — and it’s not going into traditional assets.
🔷 The company revealed that the proceeds will be used to purchase SUI, making it their primary financial reserve asset. 🚀
📌 Why This Is Huge:
• 💰 $SUI is being adopted at a corporate treasury level, putting it on par with traditional reserve assets
• 🧱 Shows growing confidence in SUI’s long-term value and utility
• 🌍 Highlights Japan’s increasing openness to crypto innovation and tokenized ecosystems
SUI, part of the high-performance Layer 1 blockchain designed by Mysten Labs, continues to make headlines with its blazing-fast transactions, developer-friendly environment, and now — institutional trust. 📈
🧠 Crypto isn’t just for traders anymore — it’s entering corporate balance sheets.
