Mill City Ventures Acquires an Additional $20 Million in SUI Tokens
According to ChainCatcher, citing The Block, Nasdaq-listed company Mill City Ventures purchased 5.6 million SUI tokens at a discounted average price of $3.65 each from the SUI Foundation, with the total transaction exceeding $20 million.
Mill City currently holds nearly 81.9 million SUI tokens and plans to generate returns by staking SUI. The company previously raised $450 million through private placement and has secured an additional purchase quota of up to $500 million, allowing for dynamic increases in its SUI holdings, including acquisitions from the foundation, secondary markets, and other investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
RootData: OBT to Unlock Tokens Worth Approximately $1.47 Million in One Week
Trending news
MoreCrypto prices
More








