Mill City Ventures Pioneers $450M SUI Treasury Strategy with Sui Foundation and Galaxy Digital Backing

Mill City Ventures III, Ltd., a Nasdaq-listed company, has taken a groundbreaking step in the crypto sector by launching a $450 million treasury strategy focused on SUI tokens. This initiative, supported by the Sui Foundation and Galaxy Digital, represents the first time a public company has implemented a foundation-backed crypto treasury approach.

The firm purchased 76,271,187 sui tokens at an average price of $3.6389 via over-the-counter transactions and in-kind contributions. The Sui Foundation matched this investment, forming a combined reserve that highlights institutional belief in SUI's long-term potential.

This strategic MOVE places Mill City at the vanguard of institutional crypto adoption, creating a model for other public companies looking to gain exposure to digital assets. The treasury strategy demonstrates increasing acceptance of blockchain-based assets as valid components of corporate financial portfolios.