Mill City Ventures Reacquires $20 Million in SUI Tokens

According to HashChain, Mill City Ventures purchased 5.6 million SUI tokens from the SUI Foundation at a discounted average price of $3.65 per token, with a total transaction amount exceeding $20 million. Mill City currently holds approximately 81.9 million SUI tokens and plans to stake these tokens to generate returns. Previously, Mill City raised $450 million through private placements, securing a maximum additional purchase limit of $500 million, and will dynamically increase its holdings of SUI from the foundation, secondary market, and other investors.