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Mill City Ventures Makes $450M Strategic Bet on SUI, Fueling Institutional Crypto Momentum
Mill City Ventures Makes $450M Strategic Bet on SUI, Fueling Institutional Crypto Momentum
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Mill City Ventures III, a Nasdaq-listed lender, has deployed $450 million to acquire SUI tokens in a landmark open-market purchase. This strategic pivot transforms the small-business financier into a corporate holder of the LAYER 1 blockchain's native asset. At announcement, SUI traded at $4.07 with a market cap ranking of #15 among cryptocurrencies.
The investment triggered an 11% single-day stock surge for Mill City, culminating a 270% five-day rally. Karatage, the firm's investment division, coordinated the acquisition with the sui Foundation. The private placement saw participation from Galaxy Digital, Pantera Capital, and other institutional heavyweights, signaling accelerating demand for next-gen blockchain exposure beyond Bitcoin.
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