#MillCity Ventures has just pulled off something unprecedented — a $450 million private placement locked and loaded for one mission: build the first publicly traded SUI treasury with full backing from the Sui Foundation itself. That’s not confidence — that’s institutional conviction.
This move gives both retail and institutions daily liquidity access to #SUI through Nasdaq-listed MCVT — no wallets, no bridges, no friction. It’s clean. It’s scalable. And it’s open.
Backing this up? Names like Galaxy, Pantera, FalconX, Electric Capital, and GSR, with Galaxy Asset Management leading the way. The play is clear: Wall Street meets Web3, and they’re showing up heavy.
Let’s not ignore the leadership power behind this. Meta/Diem alumni are building the SUI rails. At the same time, Karatage’s founders now sit as Chair and CIO of Mill City, ensuring a direct line between traditional capital and crypto-native strategy.
$SUI isn’t just any blockchain — it’s built for mass adoption, with power moves already forming across AI, stablecoins, gaming, and finance. Its object-centric architecture and Move programming language give it the kind of edge devs and investors look for.
The numbers don’t lie: Mill City already holds 76.2M $SUI at $3.63 avg, with 98% of raised funds earmarked for $SUI accumulation. This isn’t passive — it’s a strategic squeeze. Open market buys are next, which could apply sustained bullish pressure as liquidity tightens.
All of it is transparent, with regular treasury updates planned and OTC activity already underway. The structure is clear, and the message is louder than ever. This isn't just another treasury model. This is the blueprint. And now, the floodgates are open.
