BlockBeats news, on August 1, according to TheBlock, the U.S. listed company Mill City Ventures has officially established its SUI token reserve after completing a $450 million private placement financing. It currently holds a total of 76,271,187 SUI tokens, with an average purchase price of $3.6389 per token, all obtained through over-the-counter trading agreements with the Sui Foundation. Mill City stated that it will continue to purchase SUI on the open market and plans to use approximately 98% of its net private placement income for SUI token acquisitions and reserve management.