Mill City Ventures Invests $450M in SUI Token Strategy

Mill City Ventures: First Public Firm to Establish SUI Treasury

Mill City Ventures has garnered attention as the first publicly traded company to acquire a significant stake, approximately 76.3%, of tokens. This move successfully establishes a corporate treasury following a $450 million private placement. The company is initiating its Suienetwork Treasury Strategy, supported by the acquisition of 76.3 million tokens at an average price of $3.6.

Source: X profile

CIO Stephen Mackintosh characterized this approach as a "clean, liquid" means for public markets to engage with digital assets.

In an X post, Stephen Mackintosh, Chief Investment Officer at Mill City Ventures, described the strategy as a "clean, liquid" avenue for public markets to access digital assets. He further noted that the token's Move-based blockchain is designed for speed and scalability, making it ideal for institutional investment. "Don't sleep on this shift," he advised.

Mill City Ventures now holds a total of 76,271,187 tokens in its treasury, acquired at an average price of $3.6389 per token. Initial purchases were made through an OTC purchase and sale agreement with the Sui Foundation, alongside contributions in kind. This investment signals a strong commitment to the coin as part of the company's long-term digital asset treasury objectives. The involvement of prominent investors such as Galaxy, Pantera, and Big Brain Holdings underscores significant confidence in the coin's Layer 1 capabilities.

$450M Investment Induces Stock Volatility for MCVT

Mill City Ventures' stock price currently stands at 5.54, with a market capitalization of $33 million. The company experienced an 8% decrease in its stock price compared to the previous day's close. The announcement of the $450 million investment in Sui triggered volatility in the share price. Following the news, the price initially surged to 7.78 before declining to 5.55 on the same day. The investment in SUI raises the question of whether it is a contributing factor to the recent stock price fluctuations.

Source: Yahoo Finance

Token Faces Price Dip Despite Corporate Backing

As of the time of writing, the token is trading at $3.53, reflecting a 2.97% decrease. Over the past 24 hours, it has experienced a notable dip of 9%. The current market capitalization is $12.17 billion, also showing a 9.75% decrease from the previous day, according to CoinMarketCap data. Over the past week, the coin has fluctuated between $3 and $4. The overall cryptocurrency market has declined by approximately 3.39% in the last 24 hours. The token's decline is attributed to profit-taking by investors following the price increase spurred by the news of Mill City Ventures' Sui treasury. While institutional inflows are providing support, traders are broadening their risk assessment in anticipation of a potential 30% increase by July 2025. The question remains whether SUI's corporate treasury inflows will stabilize the price.

Source: Coinmarketcap

Will Mill City Ventures' Holding Set a New Corporate Altcoin Reserves Trend?

Institutional crypto adoption is evolving, with companies increasingly considering altcoins alongside Bitcoin. Major financial institutions are expanding their holdings of Ethereum, XRP, and Dogecoin. With 98% of proceeds dedicated to purchases, MCVT is bridging the gap between traditional finance and blockchain. Mill City Ventures' SUI treasury establishes a new benchmark, with plans for further open-market acquisitions. As altcoin treasuries gain momentum, the question arises: will you participate in this emerging trend?