Mill City Ventures Amplifies SUI Holdings to $316M in Strategic Layer 1 Move

Mill City Ventures has aggressively expanded its sui treasury position to $316 million, following a $20 million discounted token purchase. The Nasdaq-listed firm now holds 81.87 million SUI tokens, nearly all staked for yield generation, signaling a deliberate pivot from specialty lending to digital asset management.

The August 11 acquisition of 5.6 million tokens at $3.65 each—executed below market price—leverages the company's unique relationship with the Sui Foundation. With $126 million remaining in liquid reserves, Mill City maintains flexibility for future allocations in the competitive LAYER 1 landscape.

This strategic accumulation positions Mill City as Sui's de facto institutional vehicle, following last month's $450 million private placement. The staked tokens generate consistent returns while the firm capitalizes on its privileged access to discounted supply.