Overview
- Mill City Ventures used its $450 million private placement to acquire 76.3 million SUI tokens at an average price of $3.6389 per token.
- The treasury now holds over $277 million in SUI and plans further accumulation through foundation-backed OTC deals and open-market purchases.
- Marius Barnett and Stephen Mackintosh joined as board chairman and CIO, respectively, with Galaxy Asset Management appointed to oversee the token operations.
- As the first publicly traded vehicle formally supported by the Sui Foundation, Mill City offers retail and institutional investors direct, daily-liquid exposure to the Sui network.
- Major backers including Pantera Capital, Electric Capital and Big Brain Holdings underscore growing institutional demand for blockchain-native assets.