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Mill City Ventures III Bets Big: $450M Private Placement Kickstarts Aggressive Sui Treasury Strategy
Mill City Ventures III Bets Big: $450M Private Placement Kickstarts Aggressive Sui Treasury Strategy
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Wall Street meets Web3 as Mill City Ventures III drops a half-billion-dollar bet on Sui's future.
The move—equal parts ambitious and speculative—signals a growing institutional appetite for layer-1 blockchains. But will this treasury play pay off, or become another case of 'naked in the metaverse'?
Key details:
- The $450M private placement dwarfs typical crypto treasury allocations
- Targets direct exposure to Sui's ecosystem rather than passive holding
- Comes amid heated competition among layer-1 chains for institutional capital
One thing's certain: when traditional finance players start moving nine-figure sums into crypto treasuries, the game's changed. Whether it's visionary or just FOMO dressed up as strategy remains to be seen.
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