Mill City Ventures Skyrockets 20% After $450M Sui Treasury Move—Wall Street Scrambles

Talk about a power play—Mill City Ventures just turned a $450M Sui treasury bet into instant market fireworks.

Wall Street's latest 'aha' moment

When traditional finance finally wakes up to blockchain treasuries, you know the game's changed. Mill City's stock surge isn't just luck—it's a masterclass in crypto-forward corporate strategy (and maybe a quiet dig at hedge funds still stuck on gold).

The kicker? This wasn't some speculative altcoin gamble. Sui's Layer-1 fundamentals turned a treasury allocation into rocket fuel. Cue the institutional FOMO.

Of course, the suits will call it 'innovative treasury management' now. Funny how 20% gains suddenly make crypto 'respectable.'

The Minnesota-based specialty finance firm plans to allocate 98% of proceeds to sui token purchases, marking a significant pivot from traditional lending operations. The remaining 2% will go toward funding its conventional short-term lending business.

Institutions and traditional participants may soon have Nasdaq-listed access to this SUI treasury company, as early as this Thursday. https://t.co/hpJdxQ7sO6

The offering involves issuing 83,025,830 common shares at $5.42 per share, led by London-based Karatage Opportunities with participation from Galaxy Digital, Pantera Capital, and the Sui Foundation. Following the transaction’s July 31 closing, Karatage co-founder Marius Barnett will become Chairman while Stephen Mackintosh assumes the CIO role.

“This is a critical juncture when institutional crypto adoption and AI innovation are converging with tremendous potential in blockchain infrastructure,” said Mackintosh, who serves as General Partner at Karatage.

We're launching $MCVT's $SUI Treasury Strategy as both institutional #crypto and #AI reach critical mass, creating significant opportunities across blockchain infrastructure.

We believe that @SuiNetwork is well-positioned for mass adoption. pic.twitter.com/U6ai1jL2LP

Sui Blockchain Strategy

Mill City will acquire SUI tokens through open-market purchases, private transactions, and direct agreements with the Sui Foundation. The strategy positions Mill City among the first U.S.-listed companies to adopt an alternative blockchain asset as a primary treasury reserve, moving beyond Bitcoin-focused corporate strategies.

Sui operates as a Layer 1 blockchain designed for high-speed decentralized applications using the Move programming language, competing with established networks like ethereum and newer alternatives in the smart contract space.

A.G.P./Alliance Global Partners serves as the exclusive placement agent, with the offering taking place under exemptions from SEC registration rules.

The 20% stock price increase reflects investor Optimism about Mill City’s aggressive foray into the crypto market. It brings the firm in the league of the increasing number of publicly listed treasury companies dedicated to blockchain assets, providing institutional investors with new entry points into new Web3 economies.

The strategy reflects growing institutional interest in diversified blockchain exposure beyond Bitcoin, though investors should consider the speculative nature of cryptocurrency treasury strategies and potential for significant losses.

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