Mill City Ventures Makes Bold $441M SUI Token Bet—Shifts to Aggressive Crypto Treasury Play

Finance goes full degen—traditional firm dumps dry powder into SUI.

The pivot no one saw coming

Minnesota-based Mill City Ventures just allocated nearly half a billion to SUI tokens, swapping bond coupons for blockchain receipts. The move signals a radical departure from their traditional lending roots—and a naked bet on Layer 1 adoption.

Treasury 2.0 or desperation play?

While rivals hedge with Bitcoin ETFs, Mill City’s all-in move echoes MicroStrategy’s early BTC gambits. But at $441M, this isn’t a sidecar investment—it’s a full portfolio overhaul. The timing’s curious too, with SUI still 60% below its ATH.

Wall Street meets crypto winter

One analyst quipped: ‘When boomers discover altcoins, you know we’re either at peak adoption or peak stupidity.’ Either way, the 130-year-old firm just became the canary in crypto’s institutional coal mine.