Mill City Ventures Unveils $450M SUI Treasury Strategy with Exclusive Sui Foundation Support

Mill City Ventures III, Ltd., a Nasdaq-listed firm, has launched a $450 million private placement to establish a treasury strategy centered on SUI, a high-growth LAYER 1 blockchain. The company acquired 76,271,187 SUI tokens at an average price of $3.6389 per token, with plans for further open-market accumulation.

The Sui Foundation, committed to ecosystem expansion, provided exclusive backing for this initiative—making it the only publicly disclosed crypto treasury strategy with direct foundation support. This partnership highlights institutional confidence in SUI's long-term value proposition.

Mill City's strategy goes beyond traditional portfolio allocation, integrating sui as a foundational element of its treasury management framework. The funding round drew strong interest from major investors, reflecting accelerating institutional adoption of blockchain-native assets.