Mill City Ventures III, Ltd. (MCVT) announced it has accumulated 81.87 million SUI tokens in its treasury. These holdings are valued at $316 million, based on a SUI price of $3.85 per token. This rapid accumulation demonstrates the company's swift execution of its new digital asset strategy.
The company's SUI treasury strategy was initiated following a $450 million private placement and further bolstered by a $500 million equity line agreement. This makes Mill City Ventures the largest publicly traded SUI treasury. The company aims to provide institutional-grade exposure to the Sui blockchain.
The accumulation of SUI tokens is a direct result of MCVT's strategic pivot to digital assets. This move positions the company at the intersection of traditional finance and the rapidly expanding digital economy. The company leverages strategic partnerships with the Sui Foundation and Galaxy Digital to solidify its unique market position.
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