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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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US-listed company Mill City Ventures completes a $450 million private sale and launches SUI reserve strategy.
Techub News reports that the publicly listed company Mill City Ventures III, Ltd. (NASDAQ: MCVT) has completed a $450 million private sale of equity financing and officially launched its pioneering Sui reserve strategy. This financing was led by the London-based digital asset hedging fund Karatage Opportunities, with equal participation from institutions such as the Sui Foundation. Karatage co-founders Marius Barnett and Stephen Mackintosh serve as chairman of the board and chief investment officer, respectively. Mill City currently holds 76,271,187 SUI tokens, with an average purchase price of $3.6389 per token, becoming the only publicly listed company with official support from the Sui Foundation for the SUI treasury strategy.