Mill City Ventures Doubles Down on SUI with $500M Treasury Expansion Despite Market Dip
Mill City Ventures III Ltd. has entered into a $500 million equity agreement to substantially boost its sui token holdings, demonstrating aggressive accumulation even as its share price fell 11%. The company's treasury now contains 76.2 million SUI tokens after an initial $276 million purchase earlier this week.
This strategic MOVE highlights institutional belief in SUI's long-term value potential, despite short-term market fluctuations affecting stock performance. Treasury diversification into digital assets like SUI is increasingly becoming a signature strategy for progressive investment firms.