According to BlockBeats, Mill City Ventures, a publicly traded company in the U.S., has completed a $450 million private placement and established a reserve for SUI tokens. The company currently holds a total of 76,271,187 SUI tokens, acquired at an average price of $3.6389 per token through over-the-counter agreements with the Sui Foundation. Mill City Ventures has announced plans to continue purchasing SUI tokens on the open market and intends to allocate approximately 98% of the net proceeds from the private placement towards acquiring and managing its SUI token reserves.