CoinVoice has learned that, according to The Block, Nasdaq-listed company Mill City Ventures purchased 5.6 million SUI from the SUI Foundation at a discounted average price of $3.65 per coin, with a total transaction amount exceeding $20 million.

Mill City currently holds nearly 81.9 million SUI and plans to generate returns by staking SUI. The company previously raised $450 million through private placements and obtained a maximum additional purchase limit of $500 million, which will dynamically increase its holdings of SUI, including purchases from the foundation, secondary markets, and other investors. [Original link]