Finance Firm Mill City Ventures to Buy $441M in SUI Tokens, Pivoting to Crypto Treasury Strategy

Mill City Ventures III, Ltd. Announces $450,000,000 Private Placement to Initiate Sui Treasury Strategy - Tech Startups

Wayzata, United States / Minnesota, 28th July 2025, Chainwire The post Mill City Ventures III, Ltd. Announces $450,000,000 Private Placement to Initiate Sui Treasury Strategy first appeared on Tech Startups.

Finance Firm Mill City Ventures to Buy $441M in SUI Tokens, Pivoting to Crypto Treasury Strategy

Mill City Ventures III, a publicly traded specialty finance firm, is making a dramatic pivot into crypto with the announcement of a $450 million private placement that will largely fund a new treasury strategy centered on SUI, the native cryptocurrency of the Sui blockchain.Roughly 98% of the funds will be used to purchase SUI on the open market and through direct agreements with the Sui Foundation, according to a press release. The move will ma…

Mill City Ventures III, Ltd. Announces $450,000,000 Private Placement to Initiate Sui Treasury Strategy

WAYZATA, Minn.--(BUSINESS WIRE)--Jul 28, 2025-

Mill City Ventures III, Ltd. Announces $450,000,000 Private Placement To Initiate Sui Treasury Strategy

Wayzata, United States / Minnesota, July 28th, 2025, Chainwire Mill City Ventures III, Ltd. Announces $450,000,000 Private Placement to Initiate Sui Treasury Strategy Upon the closing of the Private Placement, Mill City will adopt a Sui Treasury Strategy Mill City intends to continue its short-term non-bank lending and specialty finance business Marius Barnett and Stephen Mackintosh, Co-founders of Karatage, will become Chairman of the Board of …